Managing director Pauline Jacquey from Ubisoft Reflections, interviewed by Joystiq. Apparently, they're working on something that's going to be revealed at E3.
We work on Watch Dogs, We work on [Just Dance 4], and we work on something that I'm not supposed to tell you about. I wish that I could. It's going to be announced at E3.
UBISOFT Reflections co-developed Watch Dogs, Far Cry 3 and Just Dance 4. The last game the studio took the lead on is 2011's Driver: San Francisco.