Hothead Games today proudly announced that its well received Penny Arcade Adventures: On the Rain-Slick Precipice of Darkness, Episode One is currently in development for the Playstation 3 and will debut on Playstation Network late fall 2008.

Penny Arcade Adventures: On the Rain-Slick Precipice of Darkness is an RPG-Adventure game series set in the comic-book-meets-pulp-horror-meets-H.P. Lovecraft deranged 1920s universe of New Arcadia, delivered to gamers via accessible episodic releases. Players join Gabe and Tycho, the crime-solving team of the Startling Developments Detective Agency, to combat savage enemies and solve mysteries hidden deep in the sinister heart of New Arcadia. The game is the result of close collaboration between Hothead Games and Penny Arcade, featuring distinct artwork and characters designed exclusively by Mike "Gabe" Krahulik, story and dialogue by Jerry "Tycho" Holkins, and all brought to life by the Hothead team.

"We keep getting emails asking why our Penny Arcade game is not on PSN," said Hothead’s CEO, Vlad Ceraldi. "We have always said we wanted to have our games on as many platforms as possible to give choice to gamers. All good things take time and we are very excited to be debuting our first PS3 title and look forward to bringing more games to this platform in the future."

The PS3 version of Episode One will be priced in line with the game on other platforms.