Yet another indepedent MMO studio has launched with ex-Codemasters Anthony Castoro revealing Heatwave, although no game specifics have yet been shown:

GAMING INDUSTRY VETERAN ANTHONY CASTORO FORMS HEATWAVE INTERACTIVE
 
Castoro’s new company to combine the most compelling aspects of online & offline games.
 
AUSTIN, TEXAS (21 February 2007)

Veteran online Designer/Producer Anthony Castoro and accomplished entrepreneur Donn Clendenon announced today the formation of Heatwave Interactive, Inc.
 
The newly formed company combines its passion for original games with the rigorous discipline needed to get products to market profitably.  With a library of original IP in pre-production, the company is preparing to discuss its future with investors at the upcoming Game Developers Conference.
 
Heatwave promises a new take on gaming. “This is not ‘just another MMO’ company,” states Mr. Castoro. “The current crop of ‘massively multiplayer’ games only provides a glimpse into the power of connected gaming. Heatwave Interactive’s mission is to create original games that unite the power of online gaming with the excitement of traditional single-player video games.”  Mr. Castoro is well known in the industry for his work as a game designer and Producer at Electronic Arts and most recently as Director of MMO Games at Codemasters.
 
With a solid financial background, Mr. Clendenon brings his experience and initiative in founding and managing gaming and technology companies. Founder of World Gaming Corporation, which was sold in December of 1999 to Women.com, Mr. Clendenon is glad to be back in the gaming environment. “This is the most exciting time to be in the gaming business in the past ten years. With much of the industry rehashing the same formula hoping to realize the success experienced by a select few, a vast opportunity exists for Heatwave which is dedicated to creating innovative character-based experiences.”