I believe this is the first time that we've seen any type of time frame talked about for Saints Row 3. According to THQ, a lot of marketing effort and money are being pumped into the project. We should expect to start seeing major exposure in the near future, and THQ is counting on the game's retail performance to boost their earnings in fiscal 2012. In all of the Kinect craziness, some quiet coverage on one of our community's favorite series is a welcome sight.
The publisher has gone on the record multiple times stating that Saints Row 3 will be very much "over-the-top" and "outrageous". We enjoyed the zany Saints Row 2 and look forward to the next iteration.
Source: Computerandvideogames.com