At the beginning of this generation, Capcom was incredibly aggressive with new IPs like Dead Rising and Lost Planet. The former seems to have slowly died out, but the latter will be getting a new installment later this year.

Capcom revealed today that Lost Planet 3 will have four multiplayer modes that challenge players to go toe-to-toe with each other or the giant bug-like Akrid that roam the icy wastes of the planet. Two of the modes – Scenario Mode and Akrid Survival – were detailed today:

Scenario Mode sets each team with a series of either offensive or defensive challenges and mixes them up with the extreme and unpredictable conditions of E.D.N. III. Players can compete in both third-person on-foot action and in first-person combat using Vital Suits, a futuristic staple of the LP series.

Akrid Survival sees two teams of three players compete independently of each other in a series of encounters against waves of hostile Akrid before the teams go head to head in a final PvP elimination round.

It looks decent so far, but developer Spark Unlimited’s past endeavors do not inspire confidence. Remember, these are the guys behind Legendary and Turning Point: Fall of Liberty. I highly recommend them if you’re looking for something worse than Duke Nukem Forever.

Lost Planet 3 launches August 27 on Xbox 360, PS3 and PC.