http://www.dailytech.com/2K+Games+An...rticle7882.htm
One of the most popular PC video game franchises will be coming to game consoles in spring 2008, with the release of the latest game in the Sid Meier's Civilization franchise. Similar to previous Civilization games, players will build empires, but with several new twists thrown in. Some of the improvements include "accessible maps and streamlined time scale for quicker gamers, intense combat, and constant action."

Civilization Revolution -- developed by Firaxis Games, published by 2K Games -- is described as "a watershed game, offering players a chance to experience the epic empire-building world of Civilization in an all new accessible, visually immersive, and action-packed world specifically designed for the console and handheld gamer."
It hasn't been released yet which consoles will be getting the game. Definitely the 360 is since they talk about achievement points. And it has ONLINE MULTIPLAYER MODE!

http://www.firaxis.com/news/news_detail.php?id=282
“Civilization Revolution is the game I’ve always wanted to make!” said Sid Meier, Director of Creative Development at Firaxis Games. “We are excited to take advantage of the power of next generation consoles and the ingenuity of handhelds, to create a great and unique strategy game for newcomers to the series, as well as the millions of fans around the world who enjoy Civilization on the PC.”
...Some of the key features that will resonate with fans of strategy games and the Civilization franchise include 16 civilizations to master and lead to victory, an array of famous historical leaders to play as or compete against, and accessible maps and streamlined time scale for quicker games, intense combat, and constant action. In online multiplayer mode, players will compete for world conquest and glory among their peers as they battle in teams, head-to-head or epic free-for-all matches. In addition, auto-matching, ranked games, leaderboards, achievements, downloadable extra content and integrated video and voice chat make the online play more versatile and fun than any previous version of Civilization and will allow players to see where they stand against the competition. Finally, the position of ruler of the world can be settled online.
Awesome.