There hasn't been a lot of positive news involving Take Two since the Hot Coffee fiasco. Earlier this week, Paul Eibler was nominated "Worst CEO of 2005," and now, it seems the downward spiral continues. It has come to our attention that there have been a few rounds of layoffs at several of the Rockstar development studios. Read more for details ...

While its official announcement isn't due until Monday it seems Capcom has already revealed the first bits of info on its nextgen title. Lost Planet is a sci-fi FPS title for the X360 with a strong MechAssault flavor to it, the main character is modeled after Korean actor Lee Byung Hun. Produced by Keiji Inafune, known for Dead Rising and Onimusha, Lost Planet will have you battle huge aliens, bug like creatures, mechs and other not so humans species in large city environments, and cave dwellings.

Konami America today revamped its website to include the addition of eCommerce functionality. The konamistyle website will make it convenient for people everywhere in the country to purchase Konami’s games, even those that are not as easy to find on retail shelves. A total of 75 titles are currently available, including new releases and back catalog games.

Another day, another batch of game trailers was released. Instead of giving them all their own posts, we grouped them, and so far there are trailers for :

• MLB '06: The Show [PS2] - Trailer
• Crashday - Trailer #3
• Sonic Riders [NGC/PS2/Xbox] - Trailer #2
• Mobile Suit Saga: A New Dawn [PS2] - Trailer
• 
  
  We will update this throughout the day when new trailers become available. Read more for download links ...

For the first time since the Xbox 360 launch Microsoft updated its list of backwards compatible Xbox titles, adding Splinter Cell, Rainbow Six and Ghost Recon franchises to the list, eight titles in total. Unfortunately the joy was short lived as shortly thereafter, it was pulled again due to actually making other titles not work anymore, one of those being Halo 2. The new update apparently made the game only playable in 4x3 dimensions, and not the 16x9 format used by HD TVs, while also the graphics became distorted. Microsoft was made aware, pulled the new update for its emulator and a new version should be available shortly.

UPDATE : Microsoft has released a working patch which is now available through Xbox Live

MVP 06 NCAA Baseball is being produced by Electronic Arts Canada in Vancouver, B.C., and will celebrate everything that makes NCAA baseball unique -- aluminum bats, intense action, and stadiums filled with school spirit and packed with passionate fans.

Battlefront has released another updated demo featuring the same two training missions with the T-72B and one exciting combat mission where the player commands a T-55A tank. Additionally, the in-game 3D Encyclopedia allows you to explore all the units featured in the full game. This demo is based on the all new v1.3 version of the game and includes all the updated features and fixes from the patch.

Eidos in conjunction with Highway 1 Productions, takes an unrelenting look at urban street crime in its upcoming action video game 25 To Life. 25 To Life is being developed by Avalanche Software and will be available for PS2, Xbox and PC. Read more for new screens..

Gearbox Software's community manager Allison "ennui" Berryman sends word that one of their developers has been working on a DM/TDM mod for BiA (both titles), which he has released to the community. One of the most requested gameplay modes for BiA was a traditional deathmatch, and Jeffrey Broome spent his time developing one to invigorate the multiplayer aspect of the game. You can get more info, source code and the actual mods over here ...

World Racing 2 will put the fun of driving at centre stage and offer optimised arcade racing characteristics, rich and varied range of mission modes, lively scenarios, enhanced tuning options and a great variety of cars. Synetic has released the first patch its racing game bringing your retail game to v1.3.3 which fixes a ForceFeedback issue, scalable AI, a few multiplayer and gameplay tweaks.