According to an employee at Game Crazy it appears that Sony has quietly revealed the future of their killer-app shooter known as SOCOM.  The source has stated that the game is on the way for the PlayStation 3 along with a brand new PlayStation Portable iteration of the series known as SOCOM Tactics.

The PlayStation 3 version of the game is currently known as SOCOM Competition and is likely going to be a game which really pushes the limits of the PlayStation Network with a lot of heavy online play including vehicles, weapons, etc.  This game will likely receive a name change before it is released at a date that is still not known.

To this point the likely scenario is that Sony could either release it this holiday season as the must-have shooter to battle Halo 3 on the Xbox 360 or could actually hold it until the popular March and April months when a lot of games tend to release.  Only time will tell as E3 approaches quite quickly.

It is likely that Sony will release a lot more info on the PS3 SOCOM at that time along with release dates and solid information on the highly-anticipated shooter.  Until then, stay tuned!

Source: http://www.psxextreme.com/ps3-news/1058.html