Just hours ago, Steve Harris Tweeted, and now I'm all excited. The founder of Electronic Gaming Monthly has already spoken of his mag's return to the scene, and thanks to his latest Twitter update, we now know that plans are in motion to bring the great gaming mag back by December 1st.

When EGM founder Steve Harris reacquired the rights to his gaming mag, one thing was clear - Electronic Gaming Monthly will rise from the grave. And through an interview with Publishing Executive, more things are made clear as Harris talks about his vision for the relaunch of the iconic magazine.

Gaming mag EGM is on its way back to printing and store shelves now that its founder, Steve Harris, has re-acquired its trademarks and publishing rights. According to the press release, Harris entered an agreement with Ziff Davis Media and the former now has plans to re-launch Electronic Gaming Monthly in the second half of 2009. More after the jump.

It's official. Ziff Davis has sold 1UP to UGO Entertainment and has closed EGM. This was confirmed by no less than an official press release from both camps earlier today. The axe has fallen, and it's fallen hard. GameVideos.com and others take the hit as well. Full details right after the jump.

Is the magazine industry already bust? You've probably heard a lot of print media transferring to the e-format due to various reasons (mostly because of the lack of demand and rising printing costs). Earlier this week, the publication firm has revealed their plans to cease print circulation of PC Magazine, and opt for the e-publication approach. It was also noted that they're currently considering Electronic Gaming Monthly to follow suit.

Electronic Gaming Monthly's resident rumor master, Quartermann, has alluded to the possibility of a new game featuring DC hero The Flash. Details after the jump!

 We recently reported that Konami imposed several restrictions on print media bodies who will be reviewing Metal Gear Solid 4: Guns of the Patriots. Some decided to live with it, but EGM apparently had other things in mind. Check out the full article for the rest of the story.

Nintendo's Wi-Fi Connection certainly has its shortcomings as an online gaming service, but it goes without saying that it has its fair share of ups and downs. Eric Walters, manager of public relations for Nintendo of America explained how the Nintendo WFC's different "barriers" were important with the company's goals in delivering quality online gaming experience for its consumers. You can find out more about what he said in our full article.

After revealing 50 Cent: Blood in the Sand (Xbox 360, PS3) for its May issue, Electronic Gaming Monthly magazine's upcoming June issue is revealing the next-gen resurrection of Splatterhouse. Splatterhouse and its sequels are considered to be the arcade games which paved the way for survival-horror titles. Head over the full article to see what else is there for the June EGM issue.

Anxious to know what the real deal is with the release date of Unreal Tournament 3 for the Xbox 360? Mark Rein was in the Epic Games forums and he had some straightforward answers. No need to worry. He says development for the Xbox 360 is going really well. Full details after the jump!