The curriculum of a 3D artist Obsidian (authors of the recent Fallout: New Vegas) revealed that the developer is currently working on a new title in addition to previously announced Dungeon Siege III. The codename of the project is "Project Virginia" and seems to have intended to leave by the end of 2011. Currently we know more, some speculate that it may be a hypothetical "Fallout: Virginia, but it could be something completely new. We will keep you updated if there were any updates on this.