Announced today in San Francisco, Ridge Racer: Unbounded is an upcoming PlayStation 3 title in development at the promising Bugbear Entertainment. Racing fans will know that Finnish developer previously crafted the chaotic arcade racer FlatOut, a trait which looks to have been adopted by the new Ridge Racer title.

The game's first teaser trailer, embedded after the jump, shows franchise mascot Reiko crashing her expensive car into a busy intersection. "Unbounded is very different from the Ridge Racer you've come to know," Namco Bandai Games VP of marketing, Carlson Choi, told Joystiq. It's probably for the best. After all, we have been playing the same Ridge Racer for about 15 years now.