The story of Fallout 3 is as long and involved as the plot of the original Fallout. The game, code-named Van Buren, went into production sometime after the 1998 release of Fallout 2. Developers Black Isle Studios, however, was closed down by Interplay in 2003, who later went bankrupt and sold the rights to Bethesda. Bethesda has been working on Fallout 3 since 2004. Does that qualify Fallout 3 as vaporware material? Hopefully we will know more about the title before too long. Hines has in the past stated that he plans to release Fallout 3 as a multi platform title.
[Via Gamers with Jobs]