One of the two games was a PC, PS3 and Xbox 360 action-RPG, Ascendant, being led by Oblivion designer Ken Rolston. The other was the "quirky" Wii project, God: The Game. A trailer and screenshots for Ascendant, along with numerous pieces of concept art from both titles, also surfaced on the site, lending further credibility to the report.
Described as a "rough, rough cut," the Ascendant trailer can be seen below:
Very sad. For a "rough cut" this looks better than a lot of games that see releases. I may be biased though because action-rpg's are one of my favorite genre and I've always liked BHG for RoN and Catan.