After the Hellgate: London-creators Flagship Studios sank about a month ago, there's been a lot of speculation about the future of former employees. The studio that was Flagship Studios Seattle, who were developing Mythos, has announced that they've created Runic Games. The new studio is lead by Travis Baldree and Max Schaefer. Whether or not they continue development on Mythos is so far not known, but information regarding coming projects is promised to be announced soon.

Runic Games website