"We've got some very exciting concepts under development," said Joel Fagerlund, former GRIN producer and co-founder of Whiteout. "We are currently working on a bigger project in Cry Engine 3, and thanks to the excellent technology and support from Crytek, we have been able to carefully handcraft a playable prototype that will knock your socks off."
nope Whiteout will be attending Gamescom, presumably with this playable prototype, in an effort to line-up partnerships, according to Gamasutra.
Members of GRIN's Bionic Commando: Rearmed team formed Might & Delight back in April to focus on additional "retro" game development. Bionic Commando: Rearmed 2 is in development at Fatshark (Lead and Gold: Gangs of the Wild West) for Capcom.