Release Dates

06/9/09

TBA

TBA

TBA

Red Faction: Guerrilla (official title).

The third game in the series returns us to Mars 50 years after the events of the original game, with a terra-formed red planet ready to be taken apart piece by piece by the player. The focus on destruction returns, along with an all-new third-person perspective that seems like an odd choice to me, but Volition President Mike Kulas seems confident enough.

"With a new 3rd person perspective, a full cover system that allows for guerrilla style tactics and a diverse planet to explore we're excited to revitalize the gripping world of Red Faction for high-definition platforms."

Red Faction: Guerrilla is due out sometime in 2009
info above from: Kotaku
http://kotaku.com/358657/thq-makes-red-faction-guerrilla-official

Red Faction 3 (title to be announced), sequel to the moderately successful last-gen Red Faction II and Red Faction is in development. Little is known about the title, but improved graphics, more weapons, and a robust multiplayer mode are to be expected. The game is intended to be multi-platform and since the first two Red Faction games lauched on the Playstation 2, the game is sure to make its way to Playstation 3.

TBA 2008

Sources:
Wikipedia
GameLife