If a report by Eurogamer is to believed, Far Cry 4 will release in 2015 and will be set on the snowy mountains of the Himalayas. The Far Cry series has typically been set in tropical, sandy locations so it will bring a drastic change to gameplay. Eurogamer also went onto report that the game will incorporate new features such as the ability to ride elephants.
Ubisoft are apparently set to reveal the game at E3 in June and is expected to be release before the end of financial year of 2015. It is no clear whether the game will be next-gen only or not.