If this is true, I can't wait to find out who it is that's working on the reboot.
It feels only proper that Sony has a first party studio working on the reboot. The Twisted Metal franchise has a lot of fans from the earlier generations. I imagine there is going to be a lot of anticipation for this game once more information is released.
So it's important to get this one right.
I will admit though it is a bit disheartening to hear that development is being shuffled around. It gives off the impression that development wasn't going well or that the project will start over from scratch.
Either way though as long as we have a quality game, fans will be pleased!