With Assassin’s Creed well out of the way, Ubisoft Montreal proceeds to their most favourite action-adventure franchise: Prince of Persia. The new PoP, rumoured to be completely next-gen and titled Prodigy was thrown open at Ubidays and lots of new information has been uncovered.

Hit the jump to find a new teaser trailer, a “deadly new ally”, an epic storyline connected to Persian mythology and of course, the new Prince.

Rejoice, action-adventure fans! Ubisoft has released a press release saying that a new Prince of Persia game is in the works and will be ready by this year’s Holiday season, i.e. Holiday season 2008!

Ubisoft has also teased us with some more details, for which you’ll have to hit the jump. It’ll be worth it.