Crate was formed by ex-Iron Lore lead designer Arthur Bruno and former art director Eric Campanella, who then purchased the rights to two of Iron Lore's unreleased projects.
Currently, the duo are shopping a demo of Iron Lore's Xbox 360 action-RPG Black Legion to publishers--the very same game that the studio was unable to get funding for--and are sharing office space with Demiruge, thanks to an agreement.
"One of our real goals [with Black Legion] is to take the solid game play we established in Titan Quest and repackage it to make it sort of grittier and more appealing to the mainstream audience," Bruno explained to The Journal of New England Technology.
As for that other project, at this point, the only thing Crate will admit is that it exists.
"After a while they'll look for different experiences and eventually will play that RPG or "Hardcore" game. Give it time...
I'm still playing, off and on. I still haven't completed Legendary with any character.