The originality, humor and story-telling of award-winning game designer Tim Schafer and creative studio Double Fine comes to Xbox Live Arcade and PlayStation Network as THQ today announced Costume Quest, slated for release this fall, and a third-person adventure digital game scheduled to be released in early 2011.

Costume Quest is a rollicking Adventure/Role-Playing game that unfolds on Halloween night across seemingly peaceful suburban neighborhoods, a mysterious village carnival, and a monster-infested shopping mall. Created by Double Fine’s lead animator, Tasha Harris, the game follows the adventure of a group of young friends who must rid their neighborhood of monsters using only their wits, their bravery, and their home-made costumes. Players go door-to-door collecting candy, points, cards, battle stamps and quest assignments as they prepare themselves for Combat Mode-where they transform into larger-than-life versions of their costumes. Each costume that comes-to-life provides its own unique set of superpowers that players will need to battle Halloween’s worst monsters.

More details will be forthcoming.