Legends will be an Xbox One exclusive from Lionhead Studios, it was announced today during Microsoft's Xbox One event in Cologne.
The title will be an online iteration of the long-running Fable franchise, allowing users to play as either the hero or the villain.
Earlier this week, it was reported that Microsoft registered two domains called "Fable Legends." According to domain name registration lookups, entries for fablelegends.com and fablelegends.net were created on Mar. 21, 2013.
More details at the title will be made available during a demo at today's Xbox One event at Gamescom 2013. We'll let you know more about the game as soon as we see more of it — for now, check out the reveal trailer below.