Former Diablo and Diablo II developers are creating a new, low-budget action RPG with the ambitious goal of revolutionizing the genre. Given the success of the original Diablo games, this new ARPG, developed by veterans of both titles, has significant potential.

Moon Beast Productions, an independent studio founded by Phil Shenk, Peter Hu, and Erich Schaefer, secured $4.5 million in funding to develop this ARPG. Their stated aim is to "transcend the genre's established conventions," promising a fresh take on the hack-and-slash formula. The team, comprised of experienced Diablo developers, envisions a more open and dynamic ARPG experience, aiming to recapture the essence of the original Diablo games after over two decades.

While details about the game remain scarce, the involvement of highly skilled developers suggests a strong possibility of creating a top-tier action RPG. However, breaking into a saturated market filled with high-quality competitors presents a considerable challenge. The recent success of Diablo IV's "Vessel of Hatred" expansion, along with the established player base, presents a significant hurdle.

The competition is fierce, with established titles like Path of Exile 2 also vying for market share. The recent launch of Path of Exile 2 saw remarkable success on Steam, achieving a peak concurrent player count exceeding 538,000, ranking it among the platform's top 15 most played games. This highlights the intense competition in the ARPG space.