A new God of War, titled Ascension, is in the works for the Playstation 3. Tod Papy, game director for Ascension, made a non-post about the game on the Playstation blog which includes the trailer as well.
Ascension is a prequel to previous God of War titles where the hero Kratos will presumably smash things with his fists instead of with swords granted by Ares. As the trailer shows, the game will explore Kratos’ origin. More information will be forthcoming in the following weeks from developer Sony.