According to newly published job openings, the Asian T3 Entertainment is about to establish a new studio in San Francisco, which shall continue the development of the almost decimated Flagship Studios Hellgate: London and Mythos. This is all according to Gamasutra.
Flagship was forced to almost ask the whole staff to leave in the beginning of July due to economical difficulties, and if the old Blizzard-profiles such as Bill Roper and the brothers Schaefer will come along from Flagship is currently unclear; yes, the situation is still quite a mess, especially since Namco Bandai has involved itself in Hellgates continued operation without giving any clear information.
For now, there's a lot of speculation going around, so don't read too much into it.