http://www.ign.com/articles/2014/06/09/e3-2014-crackdown-announced-for-xbox-one
Crackdown, the third in the series, is coming to Xbox One, Microsoft revealed during its E3 media briefing today.
Crackdown is a cooperative open-world game. In a CG trailer, Agency agents are seen destroying buildings and eliminating targets, including one that involved bringing down whole buildings. Original Crackdown creator Dave Jones is heading up the project at Cloudgine.
Microsoft described the title as "a new iteration of the groundbreaking open-world action series that features a whole new campaign — fully playable in co-op — and uses Xbox Live to power a city that isn’t just an exciting place to play, but is a part of your destructive arsenal."
Last year, Microsoft's Phil Spencer told IGN Crackdown was not dead.
For clarity, this is not a re-release of the Crackdown, the Xbox 360 game of the same name, but an entirely new game.