Elements is being developed by Ubisoft Annecy, the studio behind the multiplayer components of numerous Tom Clancy's Splinter Cell games. Original developer Arkane Studios will be contributing to the project. Today's announcement notes that Ubisoft Annecy will be refining various gameplay and design elements of the original game, as well as adding Xbox Live support and new multiplayer maps. Like its PC counterpart, Element is powered by Valve's Source engine.
Ubisoft plans to ship Dark Messiah of Might & Magic: Elements for Xbox 360 in Q1 2008.