A nanobot has been stolen from the work of a world-renowned scientist, Dr. Katya Nadanova, of the Oxford Department of Microtechnology by a man known only as "the General", who has kidnapped Dr Nadanova as well. James Bond races to rescue both the scientist and to retake the nanobots, and kills the General along with the nanobot samples. Bond returns Katya to a nearby base, but it turns out the scientist has not been so faithful to Oxford. Katya meets up with Nikolai Diavolo and gives him a hidden vial of the nanobots. Before long Bond is yet again called into action when MI6 loses contact with 003. And so Bond is off to Peru...

Everything or Nothing is the second of the James Bond third-person shooters, after Tomorrow Never Dies for the Playstation. The game features new guns and a new and improved aiming system which allows you to strategically hug walls and fire around or crouch behind cover. New gadgets allow Bond to go invisible, disrupt electronics, or control mechanical spiders which allow him to access new areas. Everything or Nothing is also the first game where Pierce Brosnan actually supplies his voice for the likeness of his character. Many other actors from the Bond film series such as Judi Dench and John Cleese do likewise.

The game features a campaign with over 30 missions and a brand new co-op game where you take the roles of newly recruited MI6 agents on investigations of their own. EON also includes a same-screen deathmatch that allows for up to four players to play.