There's a buzz growing around the potential development of a new "Banjo-Kazooie" game, according to insider Nate the Hate, known for his reliability. Word on gaming forums suggests that Xbox Game Studios is actively working on the project which reportedly got the go-ahead early last year. While fans eagerly wait for official confirmation, there is speculation about which development team could be behind the game. Rare, the British studio responsible for the original titles in the series, could be at the helm, but there is also a possibility that Microsoft might assign a different studio to the IP, much like they did with "Killer Instinct" for the Xbox One.

Is there a new Banjo-Kazooie game in development?

According to insider information, a new Banjo-Kazooie game is reportedly in development, but Xbox has yet to confirm any details.

"Banjo-Kazooie" is a series of platform video games developed by Rare and originally released for the Nintendo 64 console. The series features a bear named Banjo and a bird named Kazooie as they attempt to thwart the plans of the witch Gruntilda. The original game, released in 1998, was lauded for its rich environments, dynamic character abilities, and humorous tone. Its unique gameplay mechanics and endearing characters made it one of the most memorable games of the N64 era, and it has retained a loyal fan base eager for a new installment.