HotHead games have just revealed that there will be no Penny Arcade Episode 3 for XBLA or PSN.
Posted via the Official website, the statement reads,
You may have heard this morning that Mike and Jerry announced that there won’t be a third installment of On the Rain-Slick Precipice of Darkness. Sadly, I can confirm that this news is true. We had a lot of fun working on the Penny Arcade game. I mean, how often in your career do you get a chance to make something that involves robots, uhh, fornicating with fruit? And working so closely with Mike and Jerry, two guys that are at once creative and crazy, was uniquely enjoyable.
We’ve been looking long and hard at a way to get Episode Three done but have come to realize that it just doesn’t make sense for us as a company to complete the next installment. Primary among the reasons for this were the focus we felt we needed to put into DeathSpank and Swarm. With our recently announced EA partnership on DeathSpank we’re more excited than ever about sharing our work with you all.
Thanks for the great notes and feedback you have sent over the last four years. We love making games and are going to keep on doing it!
Well, all we can say is good luck to the guys and we hope that future titles from them turn out to be as much fun as Penny Arcade.