Bizarre likely to work on existing Activision IP

While still poised to work on a new racing franchise, recently-acquired developer Bizarre Creations has a second, action-oriented team that will "probably be working on a property that [new parent company] Activision already owns," according to executive vice president of publishing Robin Kaminsky (via Develop).

As noted by Develop, major Activision properties include Call of Duty (staying firmly with Infinity Ward, we'd presume), Tony Hawk, Guitar Hero and a multitude of license titles. Could Bizarre be assigned a James Bond game? The Club, Bizzare's arcade shooter, is scheduled for early 2008.