It was officially confirmed today at PAX 2010 that the long-in-development-hell Duke Nukem Forever will finally see a release.

2K Games has made it official. Duke Nukem Forever is alive and, well, in the hands of developer Gearbox Software, confirming our earlier reports that the Borderlands studio was helping to complete the game's absurdly long development cycle.

The publisher announced this morning in advance of PAX 2010 that Gearbox Software was on the job, picking up where developer 3D Realms left off. Gearbox plans to ship the game within the next year, according to a report from the Wall Street Journal—the WSJ says DNF is due "next year" and "currently expected to ship in 2010."

Given Duke Nukem Forever's epic development—it was first announced in 1997 as a sequel to Duke Nukem 3D—it might be wise to hedge on the later of those two release windows.

After more than a decade in development, Duke Nukem Forever all but ended its production after the collapse of studio 3D Realms. Gearbox Software president Randy Pitchford tells the WSJ that his studio picked up development in late 2009 and that the game is currently in the "polishing" stages.
Source: Kotaku

And here's a look at the game in action, again courtesy of Kotaku

All I can really say about this is: Wow... Good luck to Gearbox. I personally haven't played any of the Duke Nukem titles, so I don't know what to expect of the final product, but reading some of the comments, many people are expecting one hell of a game.