After the recent series of shakedowns happening in Midway, word has been going around that the company may have to shut down its UK based studio Newcastle, subsequently putting development of its upcoming action shooter - The Wheelman (PC, Xbox 360 and PlayStation 3) - on hold. However, interim CEO Matt Booty squashed these unfounded rumors and confirmed that they had no plans of doing so. More details in our full article.

With Vin Diesel starring as the lead in The Wheelman (PC, Xbox 360, PS3), and Midway collaborating with Tigon Studios to deliver the finished product, it's no surprise that expectations are rising high, and the stakes, too. It doesn't hurt as well that Tigon Studios is founded by the Hollywood star himself. Read up after the jump.

If you've been wondering where Midway Games and MTV Games' The Wheelman has gone, you'll be glad to know that we just caught some eye candy for the said title. Aside from the newest trailer, we also have some developer commentary mixed in with some gameplay clips. Sound good? Click the full article link below.