Red 5 Studios has been working on an unnamed title for several years and have finally revealed the name and type of MMO it will be. The game is an action, team-based shooter called Firefall. Firefall will be a free-to-play title with a microtransaction system in place for players choosing to utilize it. According to devs, the game will "thrust hundreds of players together into a lush, dynamic open world combining intense competitive multiplayer and large-scale cooperative gameplay."

Two of Red 5's 'big name' developers are former World of Warcraft team lead Mark Kern and Tribes lead designer Scott Youngblood.

CEO and Chief Creative Officer Mark Kern, a former team lead for World of Warcraft, says the project is a result of wanting to do something radically different. "I wanted to take the best of what I learned making online games and bring that to skill-based shooters,"he says.

Read more at Gamasutra.