As a long term fan of Rare, I find the dismay within this thread surprising. People wanted the old Rare back, and the old rare were essentially defined by their outrageous talent with regards to genre hopping.
Perfect Dark, Banjo Kazooie, Diddy Kong Racing, Jet Force Gemini, Blast Corps and Killer Instinct - this team were capable of anything, and seeing Rare once more venture into legitimate new territory is the most exciting thing I have seen today.
I hate to say it as I am a big fan of Nintendo, but putting Rare on Banjo Threeie would feel akin to putting Retro on fucking Donkey Kong. It's a move which ultimately lacks ambition and disrespects their talent. We all know what to expect from an 3D platformer, a co-op pirate game is fresh territory.
This game is something I have always wanted, a real groundbreaking co-op experience which requires harmonious mastery of various sub systems (cannons, sails etc) in order to overcome your adversaries. It's what i wanted to see out of FTL, and if this game reaches such level of mechanical depth will be incredible. Depth has always been important to Rare and Viva Piñata is the ultimate example of that. I'm pleased we're getting a game closer to the masterpiece that wasViva Piñata than another 3D platformer, yet I get the sense that if VP didn't exist and it was shown off today, people would be even more angry than they are now!
Lastly, the music is excellent and complemented character action in a very charming way, the graphics we're absolutely gorgeous and whilst the art style was slightly soulless, there is plenty of time to spice it up.
Announcements like this aren't typical, games like this are Rare.