The Federal Trade Commission decided against imposing fines or taking other punitive actions against Take Two Interactive and Rockstar games after an exhaustive investigation into the "hot coffee" mod led to a settlement agreement between the FTC and Take Two instead of further charges.

The new agreement requires the two companies to "establish, implement and maintain a comprehensive system reasonably designed to ensure that all content in an electronic game is considered and reviewed in preparing submissions to a rating authority."

The agreement also states that Rockstar and Take Two must clearly disclose all pertinent ratings information about a game on the outside of the game's packaging. In the event that Rockstar or Take Two fails to meet the conditions they agreed to in the settlement with the FTC, they will be fined $11,000 per incident.

Maybe this situation has something to do with Rockstar Games' decision to release a ping- pong (or table tennis) game instead of yet another mega-popular violent shoot 'em up! All jokes aside, both sides seem to want to claim victory in the case and both sides seem ready to move on with their lives.

The ruling was followed by a 30 day period where politicians and the public alike voiced their disapproval about the agreement. Now that the debate is over and the settlement has been ratified, it is unlikely that Rockstar or Take Two will ever face any further prosecution over the hot coffee issue.

It’s another Sunday, and it’s time for the next developer to be known. I must admit though, I’m quite surprised at the response I got over here. Frankly, I wasn’t expecting this much of encouragement. Well, I guess the people really do want to ‘know the developers’.

So who is it this week, eh? I’ll give you three hints.
A] He likes to pimp up stuff.
B] He has helped me stream all my porno, err, media anywhere in my house.
C] The first release of his application was on the 1st of April.

More about this week's guest after the jump!