The Project Offset website has been launched, giving us a first glimpse at this "epic fantasy FPS" being created by a small team headed by Sam McGrath, formerly of S2 Games. The site has concept art as well as this tech movie. Thanks Blues News. Here's how the game is described on the game design page.

"Project Offset" (working title) is a game like no other first person shooter to date. We wanted to make an FPS set in a epic fantasy world. A game where you can choose one of many character classes. A game where clans can combat over mission based objectives and be ranked accordingly. A game where you can play alone, coop, team based objective or deathmatch. The controls feel exactly how an FPS player would expect. Play as an archer and your skill using the bow and leading your target is what will set you apart. When the battles get close up, pull out your sword and continue the fight melee. For players who like vehicle combat, we won't disappoint. Project Offset will have creatures you can ride, dragons you can fly, siege weapons you can man -- all part of an epic battle between you and your foes.