Hitman 3: Contracts is what it's supposed to be called. They're saying sometime in 2004 it should be out. Coolbeans. H2 was a really good game, I wouldn't mind a sequel!
"PS 3.0 utilizes a wide range of optimizations, from 64-bit frame-buffer blending to looping and dynamic conditionals for rendering multiple light interactions in a single pass without requiring a combinatorical explosion of precompiled shaders."