"It's exciting times. If I even say one word, people will kill me," Torkan said.
Guerrilla Games' new IP is described as "completely different" than Killzone, but we don't know much more. Eurogamer writes that this game is rumored to be an open-world RPG and reports that a reveal at E3 2014 next month might be "too soon" for the game.
Though official details are not available, Torkan said the new project should be technically superior to last year's PS4 launch title Killzone: Shadow Fall.
"Compare the first games that came out on the PS3 to The Last of Us or GTA5. It's amazing," Torkan said. "We had two-and-a-half years to figure out what we wanted to do with our engine and one-and-a-half years to figure out what we wanted to do with the hardware. Imagine when comparably technically advanced studios get four or five years under their belts with the hardware. We'll get our chance!"
It's also likely that Guerrilla Games' new IP will see a steady stream of post-release content, if Torkan's comments are any indication.
"We're getting to a point in the industry that most studios see the launch of a game as a starting point more than 'we're done now'," he said. "Games are becoming more of a service."