Most hardcore Diablo fans have accepted that the titanic success of World of Warcraft means there will likely never be a Diablo 3, but we have tried to sate our addiction with Diablo-clones. Titan Quest was one of these and was in fact fairly well received, earning positive reviews from multiple websites. Iron Lore Entertainment has posted an official statement on their homepage, which is excerpted below:

It is with great regret that we must announce that as of close of business Tuesday, February 19, 2008 Iron Lore Entertainment has ceased active game development. Several unrelated events occurred which resulted in Iron Lore being unable to secure funding for its next project.

We would like to extend our thanks to everyone who has helped us in the last seven years – our team who moved mountains to create such great games, our publisher THQ who has been a great partner through three product development cycles, and most of all our customers and fans. We owe all of the success we’ve had to you, and our greatest satisfaction has come from creating games that have given enjoyment to the community.

Oh well. Now Diablo addicts will have to turn to Mythos for their hack and slashing needs, which is not so bad since its pretty much the spiritual sequel to Diablo anyway as far as the feel of play goes. Farewell Iron Lore, we hardly knew ye. 

[Via Eurogamer]