Board Thread:General Discussion/@comment-3392084-20130707145759/@comment-5085906-20130708124428

I know this is silly, but could it mean that they're remaking the original Metal Gear Solid? The british developer "Just Add Water" has expressed desire to remake the original Metal Gear Solid using FOX Engine. The whole "Water Snake" could be a reference to the studio and maybe has nothing to do with Phantom Pain.

It's just a theory.