Bethesda and Arkane have formally announced their new title; Dishonored.

Arkane, behind some of the development for Bioshock 2, are now centre stage as their title will be launching in 2012. Hitting PC, the Xbox 360 and the Playstation 3, the game is in the hands of co-creative directors, Raphael Colantonio, lead designer on Arx Fatalis, and Harvey Smith, lead designer of Deus Ex.

More news as we get it.

Thanks to GI for the artwork.