It’s fitting that during the 2011 Penny Arcade Expo, that there would be a surprise announcement that Penny Arcade has partnered with indie dynamo Zeboyd Games to develop the third episode of On the Rain-Slick Precipice of Darkness.  Excited?

As Gabe and Tycho, players will once again delve hip-deep into the sinister mysteries of New Arcadia.  The latest installment will take the series in a new direction, or maybe a really old direction, with a retro 16-bit RPG look and style of play.

“We originally had the idea of an NES-style RPG last year, but we couldn’t find the right people to do it,” said Robert Khoo of Penny Arcade.  “After we saw Zeboyd’s Breath of Death VII and Cthulhu Saves the World, we knew we didn’t have to look around anymore.  Zeboyd was a perfect match.”

On the Rain Slick Precipice of Darkness Episode 3 will launch in 2012.