Cory Barlog, director of Santa Monica Studio and of God of War II, will soon be leaving Sony in order to pursue other opportunities. In a statement to 1Up, Sony thanks Barlog for his work on one of their biggest PS2 franchises of the year as well as stating that they have faith in the team at Santa Monica Studio and in their future projects. Specifically, God of War: Chains of Olympus for PSP and God of War III for PS3.
This marks the first time that a Sony representative has confirmed the development of God of War III and, while we all knew it was coming, it's nice to have the game officially on the cards. With no indication of how long development has been going on, there's no real way of knowing when the game will be released but we're willing to play our bets safe and guesstimate at some time during 2009.