Publisher Del-Rey Books has announced that a sequel to the novel Mass Effect: Revelation is in the works. Entitled Mass Effect: Ascension, the novel is set to span the time between the first game and the second (Mass Effect is a trilogy remember). Drew Karpyshyn, writer of both the first Mass Effect novel and game, is also authoring Ascension. At the moment, that's about all we know. No release date or price have been set. If we had to hazard a guess, we'd say it's probably a safe bet that the book will be roughly $10 and release in time for the Mass Effect 2 marketing blitzkrieg.
[Via Joystiq. Thanks to everyone that sent this in]