The news stems from Bungie's 20th anniversary video titled "O Brave New World," which was released today and speaks about the developer's history and future. In addition to offering the code name for the project, the developers teased the new project further.
"You feel responsible for not just telling an isolated story, but for building a universe that at some point is going to become more the fans than it is ours," said a Bungie staffer. "It's going to take a life of its own."
Also during the video, Bungie offered new hints about the project, revealing what might be the first screenshot from the game. Pictured at right, the image shows a vast landscape with a metal-looking windmill in the foreground.