Arkane Studios - New FPS-RPG Revealed

Well, well, well...this an unexpected one.  Although we were disappointed when Arkane switched gears and undertook The Crossing instead of returning to the FP-RPG genre (like Arx Fatalis), Gamasutra has news of their return to an "immersive first-person RPG" from an Austin Game Developers Conference address.  The added twist?  It's being developed at their Austin studio by Harvey 'Witchboy' Smith of Ion Storm fame.  Nothing is revealed of the game other than "Smith mentioned that he was particularly happy in getting back to the kinds of experiences that he helped to design with titles such as Deus Ex and Thief: Deadly Shadows".