This article is straight from IGN:
Electronic Arts has done well for itself with most of its streetball games -- NBA Street and NFL Street both have had a solid run -- but the soccer version FIFA Street hasn't made the same impression. That said, the team is calling up the franchise for a third edition, this time with the power of next-generation consoles providing the power/stylee for what is hoped to be a fresh new start for the series.
EA officially confirmed FIFA Street 3 in a small mention about the game in an official press release earlier this week. In development at EA Canada, the game was shown behind closed doors at the Leipzig Games Convention. Official details about FIFA Street 3 are not yet available for the public, and the game has not yet been officially announced for release in any for specific territories (the game is being shown in Europe, so we'll assume it's coming there, and FIFA Street 1 and 2 had releases stateside and elsewhere in North America as well.) Exact platform plans were not officially announced either, other than that the game shown at GC was "next generation consoles" -- this is assumedly PS3 and Xbox 360, but it's not known yet whether Wii fits in the plans or if other current-gen systems or handhelds will see FIFA Street 3.
We'll have more about this street soccer game soon.
That we will, we will keep you updated.
[Via IGN]