Carmageddon's official site is displaying a countdown that will reach zero early the morning of June 1. The site is registered to Square-Enix, the series' owner (acquiring it with Eidos). The series' last release came in 2000; a Carmageddon 4 had been rumored in 2005 but was put on hold indefinitely.
I'm worried by how many people are psyched about this news. This series was awful. Like, really, truly fucking awful. And not in the, "this is mediocre series where you can overlook the flaws if the content appeals to you" way, but the "this series fails on all levels at being a good product" way. It's akin to seeing, "Bubsy 3D getting a reboot/sequel" and the comments filled with praise. I can't even fathom how such a retarded thing could happen.