Red 5 Studios, which is probably more known for being home to a number of ex-Blizzard folks than anything else, is working on a mysterious MMO of some fashion. No, they aren't ready to talk specifics yet, but they do want to reassure us the project is still very much on.
Wait, why would it be canceled? This game makes use of Project Offset tech, and if you'll recall, Intel recently canned that title -- for real this time, honest. It's seriously not coming out. Ever. Red 5's game will not be affected, in case you were worried.
"The closing of the Intel team does not impact our ability to complete our own project. We look forward to releasing more information about our project in the near future."
So there you have it. If Red 5's MMOG does fail, it won't be due to the Project Offset engine. You can rest easy tonight.
Red 5's Offset Engine-Powered MMO Still On, Despite Offset Cancelation [Gamasutra -- Thanks, Mikey]