Zombie Studios, the people behind the free-to-play Blacklight: Retribution, are busily working away on another multiplayer title, this time by the name of Special Forces: Team X. The team-centric third-person shooter will allow users to create their own arenas, as well as support up to four teams during play. The video below should give you a better idea of the gameplay, including the understandably-lethal chainsaw. Check it out.
Source: Thanks to Chris for the tip!