The 47 Ronin

"Counter-Strike: Global Offensive (CS: GO) will expand upon the team-based action gameplay that it pioneered when it was launched 12 years ago."

"CS: GO features new maps, characters, and weapons and delivers updated versions of the classic CS content (de_dust, etc.). In addition, CS: GO will introduce new gameplay modes, matchmaking, leader boards, and more."

"The title is targeted for release in early 2012 and will be playable at this year's PAX Prime and Eurogamer Expo 2011."

Did I miss something? Did someone already post this on the forums?
Counter-Strike: Global Offensive is Valve's new version of Counter-Strike. Valve was quick to make clear that this wasn't "CS2" (or whatever that even really means) but rather a a multi-platform team based FPS similar to its predecessors, Counter-Strike 1.6, Counter-Strike: Condition Zero, and Counter-Strike: Source. It is designed on the updated Source Engine, but is not built off of Counter-Strike: Source and due out in early 2012 with beta access beginning this fall. It will maintain the traditional de_ and cs_ map types and would not include new game modes. Valve was keen on hearing the input from top CSS players to make CS GO an e-sports title and that is reflected by the game featuring both casual and competitive game modes with a built in match making system and support for dedicated servers.
Last night I heard "something" was to be announced today, I think you're the first to post it. God I hope they fix the lag issues when popping out of corners. And I hope this doesn't turn into cod, I don't wanna be jumping and diving and whatnot.