Update: I've been told we can name our source. He is the composer for the title, Cris Velasco.
We were recently able to get confirmation for the release of God of War 3. After speaking to the developers at the Video Game Awards, they confirmed with us, that the long assumed date of 2009. The title will support 1080p graphics and will have both sixaxis and rumble support.
Unfortunately, we have little more info that we care share with you at this date; however, please check back for updates, as new information comes in.