Just hours ago, Steve Harris Tweeted, and now I'm all excited. The founder of Electronic Gaming Monthly has already spoken of his mag's return to the scene, and thanks to his latest Twitter update, we now know that plans are in motion to bring the great gaming mag back by December 1st.

When EGM founder Steve Harris reacquired the rights to his gaming mag, one thing was clear - Electronic Gaming Monthly will rise from the grave. And through an interview with Publishing Executive, more things are made clear as Harris talks about his vision for the relaunch of the iconic magazine.

Gaming mag EGM is on its way back to printing and store shelves now that its founder, Steve Harris, has re-acquired its trademarks and publishing rights. According to the press release, Harris entered an agreement with Ziff Davis Media and the former now has plans to re-launch Electronic Gaming Monthly in the second half of 2009. More after the jump.

It's official. Ziff Davis has sold 1UP to UGO Entertainment and has closed EGM. This was confirmed by no less than an official press release from both camps earlier today. The axe has fallen, and it's fallen hard. GameVideos.com and others take the hit as well. Full details right after the jump.

Is the magazine industry already bust? You've probably heard a lot of print media transferring to the e-format due to various reasons (mostly because of the lack of demand and rising printing costs). Earlier this week, the publication firm has revealed their plans to cease print circulation of PC Magazine, and opt for the e-publication approach. It was also noted that they're currently considering Electronic Gaming Monthly to follow suit.

Electronic Gaming Monthly's resident rumor master, Quartermann, has alluded to the possibility of a new game featuring DC hero The Flash. Details after the jump!

After revealing 50 Cent: Blood in the Sand (Xbox 360, PS3) for its May issue, Electronic Gaming Monthly magazine's upcoming June issue is revealing the next-gen resurrection of Splatterhouse. Splatterhouse and its sequels are considered to be the arcade games which paved the way for survival-horror titles. Head over the full article to see what else is there for the June EGM issue.

The cover of Electronic Gaming Monthly's (EGM) May issue got our attention. Apparently, Vivendi's 50 Cent: Bulletproof G Unit Edition has a sequel. Yes, you read that sentence right. 50 Cent II is currently in the works. Curious to know more? Then head on over to the full article.

Ubisoft, Sony's sports game division, and Midway's Mortal Kombat development team were all named by Electronic Gaming Monthly's Editor-in-Chief Dan Hsu as companies that banned the gaming magazine from covering their products after receiving negative reviews. More details await at the full article.

Electronic Gaming Monthly, or EGM, is known for its rumors bin - and its biting and mostly unforgiving reviews. We found a thread at NeoGAF detailing the important parts of EGM's September issue. We'll skip the abysmal scores of Lair and Blue Dragon, instead, we'll give you the Metroid Prime 3: Corruption details and the issue in question's rumors bin.

The lucky guys at EGM were able to preview Metroid Prime 3: Corruption. The verdict? They pointed out four things in particular. More action since there is more shooting, though exploration is still a big part of the game. Also, they mentioned a "lock-on free shooting" feature. Second point is the Wii controls, they indicated that it adds to the game's experience.

Third, they mentioned that the ship plays a major role in the game as players can use it as a mobile save point. Also, there were hints of aerial combat on the ship's options as well. Lastly, it was pointed out that "no Samus talking".

Next up is the rumors bin. Six were mentioned for the issue, most notable perhaps is the one about the maker of Jeanne d'Arc and Dragon Quest VIII - Level 5 is going to announce four new RPGs at the coming Tokyo Game Show (TGS). It was also said that Square Enix will start remaking another RPG franchise, Dragon Quest. Reportedly, it will be starting with Dragon Quest 4 for the DS.

EGM also ventured to speculate about the failure rates of Xbox 360s; apparently, Microsoft is "funneling all the best 360 parts to the elite model".

They also took a shot at Electronics Arts' Def Jam, saying that the next one in the franchise will be better than Icon. Another interesting piece of info is the one about IO Interactive, devs of Kane and Lynch. According to the report, IO will be making - or is already making - a kids' game.

Lastly, they reported that the next James Bond video game will be using Call of Duty 4's game engine.

What do you think? For now, we'll put all of these into rumors bin until they are given official confirmation.