ASC Games has confirmed that it is publishing a title called Dead in the Water for the Sony PlayStation. The game is currently being developed by Player One and is reportedly a hybrid of Twisted Metal and Wave Race 64.
Although it's called "in the water," the game actually takes place "on the water." One-player and two-player (via split screen) options will be available when Dead hits the stores in November.
In related news, ASC is still undecided as to what developer will breathe life into the sequel to One.