This weekend, save 75% off Lost Planet: Extreme Condition.
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Capcom sent PS3Center an e-mail earlier saying that the official press release for the title will be due out Wednesday and a few more details may just slip out in it. PlayStation owners especially should keep an ear out - it's likely to be revealed whether or not the game will be coming to the PS3 then as well.
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With all the attention being paid to the vaunted New Xbox Experience interface that will launch later this month for the Xbox 360, Microsoft quietly updated the Games for Windows - Live client today. The update doesn't introduce any new functionality--that is planned later on with the release of a desktop client as well as the Games for Windows - Live Marketplace. However, the update does give the GFW - Live client a whole new look that's better suited for PCs...
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Joystiq has put two and two together and is guessing that a Lost Planet movie may be showing up at E3.
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IGN writes: "As one of AX's most distinguished guests of honor, voice actor/screenwriter David Hayter was the focus of some the convention's most interesting and crowd drawing panels. On Friday, Hayter hosted an open Q&A panel with an audience of several thousand enthusiastic fans.

While a majority of the questions were related to the Metal Gear Solid game franchise and countless requests to recite lines as Snake, Hayter did make mention of two new projects he is engaged in: an unannounced action/adventure film that he will likely direct, and a screenplay for the film adaptation of Capcom's Lost Planet. As of June, Hayter was engaged in preliminary talks to draft the latest game-to-film, however, when we spoke to him at an press exclusive panel this afternoon, it would seem that Lost Planet is closer to fruition than previously thought.

"It's not entirely confirmed yet," said Hayter. "But we are just closing the deal with Warner Bros. for me to adapt Lost Planet." Unfortunately, due to Hayter's contractual agreements, we were unable to obtain more specific information about the film. However, we did get a chance to probe into Hayter's approach to adapting games to film, having now been slated to write the adaptation for Lost Planet, and a treatment for the potential adaptation of Metal Gear Solid."
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Don't confuse this week's new release of Lost Planet Extreme Condition: Colonies Edition as just a regular re-released Xbox 360 Platinum Hits game priced at $29.99. Lost Planet's Colonies Edition features many character, weapon and multiplayer gameplay extras. Capcom also wants you to know that Dead Rising's Frank West can be found in the game, complete (or incomplete) with Capcom-colored "tiddy-whities".

See a bunch of newly released character and weapon screenshots from Capcom here.
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From the article: "Lost Planet: Extreme Edition COLONIES EDITION has gone gold and is set for release in stores on May 27th, 2008. The COLONIES EDITION features the original Lost Planet game along with three new campaign modes as well as new multiplayer maps and playable characters. The new edition will be available on the Xbox 360 as well as PC platforms..."
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Dead Rising's Frank West is such a man that he can run around snow-blasted environments in just his underpants. And they're blue underpants with yellow trim at that. Anyway, that's a slightly round-a-bout introduction to the fact that we've several new-ish screenshots from Capcom's Lost Planet - Colonies, the special edition version of the shooter that's releasing on PC and Xbox 360. It's joining the minuscule ... » Read More

Other than a bit of a mouthful to say, the new version will include some new modes and cross-platform play say Capcom.

It's arriving at $29.99 for North America while the European tag is yet to be announced, but will be "in line with other platinum releases".
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Capcom has revealed a new weapon for Lost Planet Colonies, the flame launcher, "its like a rocket launcher, but, you know, for flames."

Capcom's Seth Killian detailed the Flame Launcher in a video on Capcom's blog. To sum up, while players had to use a grenade or dig using B to find items buried the snow in the original game, the flame launcher can be used to melt snow "almost instantly."

In addition the flame launcher is "pretty effective" to take down structures and it does take them down a lot faster than normal weapons. It also does good damage on people but you may have to "keep them cooking for a while."
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Joystiq writes: "Lost Planet: Extreme Condition Colonies Edition -- known around these parts as Lost Planet: Colonies or Lost Planet 1.5 -- has finally been officially announced. The game is a repackaging of the full Lost Planet title, plus a bunch of additional multiplayer and single-player extras. The good news: It'll cost about $30. The bad news: Colonies Edition multiplayer will be incompatible with current Lost Planet games.

Scheduled for a May 27 release on 360 and PC, Colonies mainly adds new, creative multiplayer modes to the original game. Several are based on holding checkpoints and CTF variants. Our favorite, however, lets one gamer control an Akrid, with the others teaming up to try to take down the alien. Different creatures are available, and we recently saw a demo showing how a spindly, player-controlled giant can make quick kills with its swiping legs."
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Kotaku Writes:

Capcom (may) have, via leaked mag scans, had the wraps taken off Lost Planet Colonies, the successor to snowy bug-killing simulator Lost Planet: Extreme Condition. What's new? There's a new playable character (that girl in snow gear) and in online play you'll get the option of playing as the bugs against the humans. That online play will feature cross-platform play between PCs and 360s. There's all-new weapons and all-new monsters to fight (including their eggs), and it'll be out in Japan on May 29. Oh, and no word of a PS3 release as of yet. Bear in mind: all this info comes courtesy of a leaked magazine scan that's been...modified to include super-awesome Xbox Japan boss Takashi Sensui, so until we get some more concrete info, take it all with a grain of salt.
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Capcom has confirmed to CVG that the long-rumoured spin-off (or whatever it is) Lost Planet Colonies will be officially unveiled next week.

The news comes after a very unexciting Achievements list leaked onto the internet, revealing Gamerpoints for finishing Colonies on "easy", "normal" and indeed, "hard". Riveting stuff.
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Capcom US has seemingly acknowledged that a PC and 360 game called Lost Planet Colonies is being prepared.

The game has now shown up on the websites for a couple of ratings boards, including the US ESRB, and the publisher told IGN to "stay tuned".

Capcom Eurosoft said it couldn't comment.
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Kotaku: Capcom's Lost Planet Colonies, trademarked by the publisher last Spring, has just been rated by the ESRB with a T rating for the Xbox 360 and PC.
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The Entertainment Software Rating Board continues to break news of unannounced games, as this week the board updated its ratings database with assessments for new installments of Capcom's PC and Xbox 360 action game Lost Planet and Vivendi Games' Xbox Live Arcade cooperative shooter Assault Heroes.
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Capcom announced today that they are releasing a new patch as well as new multiplayer maps for Lost Planet on the PC. The new DX enhancement for Lost Planet PC will be released as an automatic download on August 16 and will utilize Geometry Shaders to improve the overall visual quality through beter depth of field effects and improve motion blurring.
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Dutch website InsideGamer has found out that Lost Planet Colonies will be coming to Xbox 360 and PC. A releaselist from publisher Nobilis revealed the game to be released in january 2008. Details about the game are still missing, but the releaselist indicates it's going to be an action game which will be sold for 29,99 euro's. Maybe more at E3...

(Source is Dutch)
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Christian Svensson, Capcom's senior director of strategic planning and research, has said that part of the Lost Planet team is working on something secret, but it is Lost Planet-related. Back in February we reported on a rumor that popped up about a game in development called Lost Planet Wars from Capcom. Word has it that Lost Planet Wars was a sequel to the chill-shooter released on 360 last year. Coming from a recent Capcom Gamers' Day, Svensson revealed that Capcom has BIG plans for the ... » Read More