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Tom Crago, the CEO of Tantalus and the president of the Game Developers' Association of Australia, yesterday gave an overview of the Australian game development industry at GC Asia 2008, and IGN was there to nab a few little tidbits on L.A. Noire, the Rockstar-published game being developed out of Team Bondi in Sydney.

No one has heard anything on the title for some time, but Crago confirmed that "it's got - I'd suggest - another year or so to go". He also mentioned that it "could be the biggest budget videogame in development anywhere in the world. It would certainly... in terms of console titles, be in the top ten... LA Noire is a massive massive project."

And last, but by no means least, he mentioned that the game is coming to PS3 and 360 - up until now the title has only been confirmed for PS3. We'll let you know as soon as we can get independent confirmation from either Team Bondi or Rockstar.

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Mr Crago also spoke of L.A. Noire's importance to the Australian development industry, saying that:

"It's one that we hold huge hopes for. It has been said about Australia that we've not been that successful putting out a title that really has set the world on fire; a big budget title that's sold multiple million copies and that has really put us on the map as a hub for videogame development. There are plenty of people who are hoping that L.A. Noire will be that title." More PlayStation 3 News...