Looks like a new RPG is in the works using the popular Source engine. Here's all the details:

 Valve announces that Nexon has licensed the Source engine to power an upcoming fantasy-themed third-person RPG that has not yet been officially announced:

    March 16, 2007 - NEXON, a world leader in online game development, today announces a licensing agreement to use Source, Valve's leading game engine, to power a new title in production for the PC. The upcoming Source-based game, which will to be formally announced at a later date, will be a fantasy based, third-person action title.

    "We evaluated all the engine technologies available for licensing and Source was our best choice," said Dong-gun Kim, the producer of NEXON. "With support for integrated network-physics, high-end visuals, and constant adoption of new features, Source is both the most flexible as well as the most robust technology set available today."

    "It's an honor to have one of the leading publishing and development studios in the world working with Source," said Gabe Newell, president and co-founder of Valve. "We look forward to working closely with NEXON to supply them with the tools and technology needed to create a working base for creating top-notch games that will be recognized as world-class online offerings."