Mythos is the second game that is being created by Flagship (for release some time in 2007), and from the looks of it it seems like Diablo2 + Fate.
Best of all is its going to be free to download and play.
You can see a description of the game from the Flagship Studios website.
They're also beta testing now, so hit up
www.mythos.com to sign up for beta.
And if u want to check out screenshots/movies and the like, check out
mythos.incgamers.com