Last week word came out that Ubisoft's next Assassin's Creed title will not be called "Assassin's Creed 4," but rather "Assassin's Creed: Black Flag." This was after much confusion around the "Black Flag" title being given to a possible DLC pack for Assassin's Creed 3 (thanks to several "I saw a guy on an airplane" type leaks).
Ubisoft (obviously) never commented on it, as the game has yet to be announced, but that all may be changing. As it turns out, Ubisoft is hosting a "mysterious" Assassin's Creed meeting on February 27th. Details of the meeting are non-existent, and MCV was the only one to acknowledge it, but one would assume that they will be announcing their next Assassin's Creed installment, the aforementioned "Assassin's Creed: Black Flag."
Little is known about the title, but it is said to incorporate a Pirate theme/setting. What that means will have to wait for an official announcement, and although the press may see it on the 27th, it's unsure as to how long the embargo will last for public reveal.
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