http://xbox360.ign.com/articles/758/758367p1.html yep, its under a new name and coming to the 360 now. hooray!
Wow that looks awesome. Glad its finally coming out for a console (Unreal Championship didn't count because... well it sucks)
Since its not considered UT2007 it'll probably be a different game yet again, Just depends on how they end up doing it, It'll be better on PC anyway, The Unreal Engine 3.0 just looks purely amazing.