Via some eagle-eyed posters at Cubed3.com, there is a note buried deep within the bowels of Red Octane's website stating that Guitar Hero 3 is currently in development fot the Wii, Xbox 360 and PS3 and is scheduled to release in the fall of 2007.

Could it be true? More than likely yes. You think they are going to let Rock Band steal their thunder? No way, bro.

Check out Red Octane's site HERE