According to reports MotorStorm is far along in development on the PS3 and will be released in the fall of 2008.

MotorStorm helped sell many PS3 units when it released on the console around February and the sequel is already highly anticipated as everyone wants to see what the development house can pull off next.

The developers of MotorStorm, the entire studio actually, was just purchased by Sony a few days ago so MotorStorm will now technically be a 1st party developed title.

The studio, Evolution Studios along with Bigbig Studios were caught at TGS stating that MotorStorm 2 is already long in development and is ready for release in 2008.

More details are to come...