Funcom has confirmed with CVG that it's working on a brand new MMOG, informing us that the game is set on Earth in the present day.
Although reluctant to spill a ton of details due to the game being very early in development, the developer's product manager Erling Ellingsen did say that the project is definitely PC-bound, with an Xbox 360 version "most likely" too.
He went on the explain that members of Funcom's Dreamfall team have been brought over to work on the project - but it's not a Dreamfall MMOG, Ellingsen said - and that the title will use a tweaked version of the engine being employed for Age of Conan.
We queried Ellingsen about timings for an official announcement, be he wouldn't confirm specifics.