In Activision's quarterly financial call this afternoon, the company revealed that it will be publishing Guitar Hero: Modern Hits for the Nintendo DS, confirming the news first reported by the most current issues of Game Informer and Nintendo Power.

Modern Hits will be the third title in the Nintendo DS franchise, and will be backward compatible with the previous two titles in two player wireless mode. New features will include a setlist with songs from Weezer, Coldplay, Fall Out Boy, Tenacious D and The Strokes, as well as unlockable challenges including the ability to play songs at sped-up rates.

More details on Guitar Hero On Tour: Modern Hits, including the release date, soon.