Tech Crunch is reporting that a “Gmail killer” will be unveiled on Monday, courtesy of the social networking giant Facebook.

Dubbed “Project Titan,” it will be a web-based e-mail client, which will give users a personal e-mail address.

Tech Crunch goes on to say:

“Facebook has the world’s most popular photos product, the most popular events product, and soon will have a very popular local deals product as well. It can tweak the design of its webmail client to display content from each of these in a seamless fashion (and don’t forget messages from games, or payments via Facebook Credits). And there’s also the social element: Facebook knows who your friends are and how closely you’re connected to them; it can probably do a pretty good job figuring out which personal emails you want to read most and prioritize them accordingly.”

Facebook is expected to make the announcement during an invite-only press event on Monday, Nov. 15, at 9:30 a.m. in San Francisco.

Tech Crunch first reported on Project Titan back in February, calling Facebook messaging “the bane of users’ existence for years.” Most users will tell you that deleting old messages in your Facebook inbox is arduous and time consuming.

We’ll certainly keep you posted about any updates on Monday.

So what’s your reaction to this news? Do you think it can really be the “Gmail killer” that it’s being touted as?