I was browsing the web last night and came across this. Note that a recent edit to the article says EA has announced it is working on System Shock 3 which it has assigned to EA Redwood Shores (Producers of "The Godfather"). A quick search on google rooted up this and this as further proof of its exsistence.
I only hope that EA can pull this off well, and sadly I have great doubts :( .
Edit: Spelling errors added ;) .
