The new game was announced by Saints Row developer Volition as a feature on IGN. The title was leaked and rumored to be Saints Row V a while back, but has turned out to be a brand new IP.
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I'm actually in the same boat. I quite enjoy the art style in the trailer, too. I enjoyed the more recent Saints Row games, but the gameplay, and specifically the movement, weren't all that for me. I'm hoping we'll be able to see actual gameplay from the game this month as IGN reveals more about it.Like, it looks good and enjoyable but a CG trailer just doesn't cut it for me any more. There's no guarantee the game will be anything like that