Farflame found out that a new Fear Effect game is in development:

New Fear Effect announced

Indie developer takes to Kickstarter - with Square Enix's blessing.

A new Fear Effect game is set to take to Kickstarter - with Square Enix's blessing.

But this new Fear Effect won't be a big budget affair - as Fear Effect on PSone was. Instead, it'll be an indie game from a little-known studio that's using crowdfunding to raise development cash.

French studio Sushee worked with Square Enix's The Collective two years ago on adventure game Goetia. After the publisher signalled it was open to pitches for new games set in its back catalogue of dormant franchises, it worked on a Fear Effect prototype heavily influenced by Shadowrun Returns. Square Enix liked the pitch and gave the thumbs up to a Kickstarter for Fear Effect Sedna, which is set to launch Tuesday, 12th April.

[...]