Available for Ps3 and Xbox360 sometime in 2007, from EA's new Montreal studio. The game is set in the near future, where you take control of, as the name suggests, a two-man mercenary team doing high-risk paramilitary operations. The game is a third-person shooter allowing you to either play through the campaign with a friend, or issue orders to an intelligent computer-controlled teammate who may or may not obey the orders you give him.
Billed as the first game ever to put players inside tactical warfare involving Private Military Corporations. Reid Schneider, Senior Producer at EA Montreal noted, "This is the game we've always wanted to create. Until now, the hardware would not allow us to deliver truly intelligent AI characters."
Hands on from gamespot
Eurogamer first look
EA press release
elderly tags ps3 xbox360 army of two preview