Team 17 is working on a revival of the classic Alien Breed series, Big Download reports. The new game is titled Alien Breed Evolution, and will be a top-down shooter using Unreal Engine 3. Team 17 is said to be publishing the game via digital download, but platforms haven't been announced yet. Traditionally Alien Breed is a PC series, so we'll have to see if it makes the transition to Xbox Live Arcade or PlayStation Network as well.
The house of Worms is certainly reaching into the back catalog for this game. The shooter series heavily inspired by the Aliens movies hasn't seen a new installment for years. Most recently, the series almost saw an update with Alien Breed 2K4 for the PlayStation 2, but was canceled when the company couldn't find a publisher. That probably makes publishing this one themselves the wise choice.