I dunno if anyone has heard of this beast, but it looks quite amazing.
Project Offset is basically an FPS/RPG in a fantasy setting, and so far the engine has been assembled by three guys working out of their apartment. Unfortunately, the project lacks funding, and if they don't find a publisher soon, then they will surely perish!
But anyway, have a look at the
beautiful world of Project Offset.
Linky to the 2 videos. Very Cool!