According to fansite BlizzPlanet, the first product currently under development at Bill Ropers Flagship Studios (mosly comprised of ex-Blizzard employees) will be announced in the May issue of PC Gamers. Hellgate: London is the title, it will be a first-person action-RPG set in post-apocalyptic London, described by Bill Roper as "Diablo II set in a modern 3D world and played from a first-person perspective", and appear on PC & Mac, but apart from that no additional details were available yet.
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'Hellgate: London' Revealed
by Rainier on March 26, 2005 @ 12:30 p.m. PST
Hellgate is an action RPG that allows you to play in a first-person or third-person perspective. Set 27 years into the future, an ancient prophecy made centuries ago has come true and the gates of hell have opened. Demons have overrun the world of man and roam our lands, destroying, pillaging and killing humans.