DUST 514 (pronounced five-fourteen) is the newly announced MMO first-person shooter currently in development at CCP Asia. This new MMOG that shares a world with EVE Online was announced at EVE Fanfest 2009 and Ten Ton Hammer Editor-in-Chief, Jeff "Ethec" Woleslagle, was there to catch all the info.

What makes DUST 514 an MMO is that the game shares the same single-sharded, persistent universe as EVE. But what makes DUST 514 unique among MMOs and shooters is its heavy ties to EVE Online’s universe. In short, DUST 514’s “mercs” will work with EVE Online alliances to gain control of sovereignty districts on planets through contracts.

Read the details here.