New Punisher Game?

There was a preview in the newest Maxim about this game. It looks like THQ is going to make this game with sort of a Manhunt/GTA vibe, with extremely violent gameplay (woodchippers, anyone?) and an original story written by Garth Ennis and Jimmy Palmiotti. (Very cool.)

I had heard some bad things about this game, but now I'm kind of excited for it.