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Lars Bakken of Bungie confirmed that after Halo: Reach, Bungie will not be working on any more Halo games. Instead, they're already working on a new IP.
"After Reach that's it for us. We're already working on a new IP that we can't talk about yet, I don't know when we'll be talking about it - when we're ready I suppose."
We all knew this was coming sometime. I'm excited to see what's coming next!