Todd Howard, Game Director for Bethesda Game Studios, accepts the Game of the Year award at Spike TV's "2011 Video Game Awards" on December 10, 2011 in Los Angeles

Bethesda Game Studios on Wednesday confirmed that it is preparing to launch a keenly anticipated new installment to the blockbuster 'Fallout' video game franchise.

A trailer for 'Fallout 4' posted online at YouTube revealed few details about the role-playing shooter game but featured its trademark mix of 1950s Americana and a post-nuclear apocalypse.

"We know what this game means to everyone," said game director Todd Howard.

"Time and technology have allowed us to be more ambitious than ever."

While a trailer online at provided an enigmatic glimpse at the game, details are expected to be revealed at a press event being held by Bethesda at a major E3 video game industry gathering in Los Angeles later this month.

The new installment to the franchise follows 'Fallout 3,' which earned -of-the-year accolades after its release in 2008, and a 'Fallout New Vegas' spinoff two years later.

Versions of 'Fallout 4' are being tailored for play on Microsoft Xbox One and Sony PlayStation 4 consoles as well as on personal computers powered by Windows software.