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It’s been a long time coming, but today Rockstar has announced that Max Payne 3 is expected to launch on the 360, PS3, and PC in March 2012 in North America and Europe. In addition, the latest installment will be the first title in the series to introduce a multiplayer experience that, along with traditional multiplayer modes, will also include a “deep reward and leveling system, persistent clans and multiple strategic load-out options” as Rockstar puts it.

“Max Payne 3 gave us an amazing creative opportunity to evolve one of our most iconic characters,” said Sam Houser, Founder of Rockstar Games. “We’re excited to show fans a modern version of Max that pulls them back into his dark and twisted story.”

Here’s an official description of the game:

Max Payne 3 continues the tale of former New York City detective, Max Payne. Still haunted by the memories of his traumatic past, Max begins a new life working private security protecting a wealthy industrialist and his family in Sao Paulo, Brazil. When gangs target the family under his protection, Max is forced to fight to save his clients and clear his name, in a bid to, once and for all, rid himself of the demons that have tortured him for far too long.

Picking up where the release of Max Payne 2 from series creator Remedy Entertainment left off, Max Payne 3 is a true cross-studio collaboration between Rockstar Games’ global development teams. The game utilizes cutting edge technology for a seamless, cinematic action experience, incorporating the latest advances in Natural Motion physics and a brand new iteration of Rockstar’s own Rockstar Advanced Game Engine. The result offers highly-refined gameplay, with an extensive range of realistic weaponry, an intelligent cover system and sophisticated Bullet-Time mechanics.

Rockstar promises that the game will deliver a dark, gritty action experience that is “sure to satisfy newcomers and fans to the historic franchise.”

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