Electronic Arts announced that NBA STREET V3 is in development and scheduled for release in early 2005 under the EA SPORTS BIG brand. The game is being produced by Electronic Arts Canada, the studio which also is home to the NBA LIVE and NCAA March Madness hoops videogame franchises. The third chapter in the multi-platinum-selling NBA STREET series rises above the rim and expands on the customization and variety of game modes and gameplay that helps distinguish the franchise within EA's basketb…