EA has its mind set on "re-inventing" classic board game Risk for Xbox Live Arcade. Declared as Risk: Factions, the game is being developed by Stainless Games, best known for XBLA's Magic the Gathering: Duels of the Planeswalkers (which is on sale this week). This new version of the classic will offer objective-based and world conquest modes. We're also told that during "animated combat missions, enemies will be able to trigger 'Overkill' moments," whatever that is. The game will also include five playable factions, "each with different strengths," which will battle on "new maps" with "dynamic terrain." Sorry, hold up, are we still talking about Risk?
The announcement makes no mention of vanilla, "build up in Australia and take over the world" Risk being included with Factions. We've contacted EA for further details and will share them with you as soon as we know more.
Update: "You can absolutely play the classic board game if you like," an EA representative told Joystiq. "There's also the Risk 2008 ruleset." We'll hopefully have some assets and more details about how save games will be handled for the classic version soon. The game is also a standalone app and is not part of the Hasbro Family Game Night.