Project Offset bought by Intel, so what?

Project Offset, the running name of a company who promises to build one of the most expected action epic video games, has announced in February that they were bought by Intel. However, I have to admit that nothing has been shown since. Not even the slightest hint at what Intel intends to do with it.

Is the development still going on?

Just to let you salivate a little in advance, here was the trailer “leaked” to the Internet earlier in September 2007.