Fable 3 Release Date is October 26

Microsoft Game Studios and Lionhead Studios have pegged October 26 as your next trip to Albion in the Xbox 360 exclusive Fable III (aka Fable 3).

Lionhead founder Peter Molyneux revealed the date along with a new trailer at Microsoft’s E3 2010 press conference this morning. The trailer played to the game’s core theme of ascending to the throne as either an evil ruler or a generous one. It’s unsure which path will trigger a revolution which is indicated towards the end of the trailer where a pair of ships engage in open seas combat.

Fable 3 will be available in regular and Collector’s Edition flavors priced at $59.99 and $79.99, respectively. We’ll have more to share, including a clean version of the trailer, as Microsoft opens up their assets vault this week.

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