Old school computer RPGs are certainly getting a revival and Deathfire: Ruins of Nethermore is another example of how the first person dungeon crawl is once again relevant. The team at G3 Studios is headed by Guido Henkel, a veteran of the genre whose credits include Planescape: Torment, Realms of Arkania Trilogy, and Fallout II.
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Something of a mission statement of the team could be found in the press materials:
"Feeling somewhat unhappy with the current state of the computer role-playing game industry where open worlds and quest hunts dominate the genre, we felt it was time to take a step back and re-examine what made Golden Era role-playing games such as the "Realms of Arkania" series, the "Wizardry" games or the "Might & Magic" games such memorable and lasting experiences. As a result we came up with a game concept that hearkens back at these classic titles but approaches it with renewed vigor and modern day technology. Doesn't that sound like a game you would want to play?"
Deathfire: Ruins of Nethermore is a first person party-based and turn-based RPG for PC, Mac and Linux. The game is currently targeted for release late in 2014.