HellRazer will be a squad-based tactial co-op FPS. The plot of the game centers around a deadly virus breating containment in a lab and turning everyone into "aggressive beings which need to kill other beings in order to survive." Sounds innova.... nevermind.

What is new is that Razer is working on an intuitive game controller that is slated to be the first true 1:1 motion senstion and gesture recognition controller. It sounds like Razer wants to bring some of the Wii's succes to the PC, so it will probably be similar to the Wii Remote in use, but function with more precision. The new controller has been dubbed the Razer Anaconda.
"Razer is extending its vision by partnering up with Valve on this exciting new collaborative project. For the first time, PC gamers will be able to experience a more integrated, immersive gameplay in a first-person shooter game, said Razer president Robert "Razerguy" Krakoff."
Gabe Newell, president and co-founder of Valve, said "We envision great possibilities for this project. Having a dedicated game controller for this game would help heighten the entire gaming experience and be a solid benchmark for future titles."