The game, set in a "stylized, modern-Western setting... tells a classic betrayal story directed through a sophisticated cinematic lens, with addictive action gameplay found in classic 2D side-scrolling games." The story is being written by Marianne Krawczyk, who wrote the God of War games.
Shank is a digital title for the PC, PlayStation 3, and Xbox Live Arcade set for a summer release. It will be published through the Electronic Arts Partners program.
This actually looks like it will be fun. And available for every major platform except nintendo. Hopefully each version is native and there aren't a pair of ports.