Again, I was checking Battlefront3.net and saw that a developer Killspace entertainment could be making BF3.
It's unlikely since they specialize in horror but they do make sci-fi. So far they are supposedly making 2 titles, an original IP and what mght be BF3.
Heres a link http://www.battlefront3.net/)

i would give out the killspace link but you need authorization to get in.
Apparently they have talent from Obsidian, Pandemic, Luxoflux, Electronic Arts LA, and Red 5.

What do you guys think?

I'm really not sure what I think about it. I know absolutely nothing about them. I guess it's possible, but unlikely. I would have thought that LA would go with another big name.