It's been in development since the studio wrapped on Marvel’s Spider-Man and will feature a "full story arc" that takes place during winter a year after the first outing. Developer Insomniac Games goes so far as to compare the scope of the game to Uncharted: The Lost Legacy.

Here's a summary of the story direct from Brian Horton, Creative Director at Insomniac Games.

Marvel’s New York is covered in snow, and just before Christmas break, a war between an energy corporation and a high-tech criminal army has broken out. Miles’s new home in Harlem is at the heart of the battle.

Brian also confirms that the game will cover Miles's origin story. Available this holiday season (presumably as PlayStation 5 launch titles) the game will also take full advantage of Sony's next-gen hardware. Insomniac confirms that the game will support ray-tracing, feature near-instant loading, and that the game's characters have been update with "4D scans and improved skin shading". Plus, 3D audio and support for the DualSense controller's advanced features.

Since making its debut there has been some confusion as to whether or not this was a full sequel or an expansion. Well, it's pretty much it's own thing - a stand-alone release akin to Lost Legacy. Finally, Insomniac confirms "we still have much of Peter’s story left to tell", pointing to a direct narrative sequel coming for 2018's PS4 hit.