Apparently, behind closed doors at E3, Activision CEO Bobby Kotick said that Call of Duty 3 was indeed coming to the PSP in the third quarter of this year. Of course, there are no further details given - not even which developer will be leading the project.
Who will be developing Call of Duty 3 on PSP? When will there be an official announcement made? Is this nothing but a rumour? We'll let you know as soon as this becomes official fact or merely fiction.

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