Loadout announced as a free to play game

Loadout is a new Free to Play Shooter, MMO Game and it will come out on summer 2012.

"Loadout is a new “Free-2-Play” take on fast-paced, multiplayer shooters. Players invent and customize their own outrageous weapons to carry into furious, over-the-top shooter action that truly distinguishes itself from the vast array of “modern combat” titles. Earn new weapon parts, character customizations, equipment, and accessories as you gain prestige and wealth. The more you play, the more you can customize. There are endless possibilities to truly set yourself apart from your opponents. We’ll continue to update Loadout with new items, customizations, game-play modes, features and much more."