Yes, that headline is indeed correct. 2K Games has announced that Irrational Games’ 2007 classic BioShock is being ported to iOS devices – in its entirety, and with no in-app microtransactions – later this year.

A number of sites were able to get a hands-on look at the rather unique title on iPad, noting that the framerate for the game was somewhere below 30FPS. The hands-on previews also noted that while some graphical and interface compromises are made based on the hardware, the game does deliver on the cinematic experience that made the original PC and console releases so popular.

Rapture itself retains much of its gritty, underwater utopia nature, with all enemies seen in the original release present on the mobile version. IGN noted that a pair of thumb touchpad controls would dynamically re-align their centers based on fingertip screen presses, with 2K also noting that some aim assistance was added.

Pricing details have yet to be released, but going by the more premium titles recently launched on mobile devices we can expect between $10 to $20. 2K also noted that third-party mobile controllers will also work for the iPad and iPhone versions. There are currently no plans for an Android release.