GameBanshee - Crate's Title to use Titan Quest Engine

Remember Crate Entertainment and Black Legion?  Crate was formed by ex-Iron Lore vets and initially announced a sci-fi action/RPG.  GameBanshee writes in to say they have news Crate will be using their old tech from Titan Quest, with Black Legion put on hold to focus on what sounds like a fantasy title:

Crate Entertainment has licensed the Titan Quest engine from Iron Lore. THQ owns the rights to the TQ IP, so we won't be making a TQ2 anytime soon but we are developing a new game for PC that will offer similar ARPG gameplay but in a darker fictional setting. Right now we have no outside funding and are operating as a privately funded indie-developer. So if we continue in this manner, the scope will be somewhat reduced from TQ in terms of total art assets but we're developing gameplay systems in a new way that will allow us to actually have more depth in certain areas.