At the E3 2008 Nintendo Press Conference, Nintendo a video that talked about its series, Animal Crossing and announced the latest in the series, Animal Crossing: City Folk.
City Folk has two sections, the Town and the City. The Town seems to be the residential section of the game, whereas the city is the business.
"The Town is where you live and do the stuff you like."
The City portion of the town is the shops section of Animal crossing. Many of the normal shops that have been in the prevous games are here, as well as new stores.
Among the new features is the ability to make you character look like your Mii.
Animal crossing will also take advantage of Nintendo's newest peripheral, Wii Speak. Wii Speak is a microphone peripheral that allows players to speak to each other. It's not a head set, but rather a microphone that sits on the TV and allows multiple players to speak into it, like a teleconference microphone.
According to Reggie Fils-Aime, Animal Crossing City Folk will be out by the end of 2008.