This press release announces Scallywag: In the Lair of the Medusa, an upcoming "single-player, action orientated dungeonbash for Windows" in the works at Chronic Reality. The game does not carry a release date at this point, but word is beta testing is already underway. Here's a portion of the verbose announcement:

Hone your blades and prepare for glory! Shrapnel Games is pleased to announce that British developer Chronic Reality has joined with Shrapnel to publish their upcoming game, Scallywag: In the Lair of the Medusa, a single-player, action orientated dungeonbash for Windows.

In Scallywag: In the Lair of the Medusa, a mysterious evil has begun to plague the good citizens of Gosling valley. Livestock is vanishing, people are cowering in their homes, and telemarketers keep calling during the dinner hour. Even worse, the valley's supply of mushrooms is suffering, and for the valley mushrooms are life. Providing everything from shelter to sustenance, from magic to medicine, the shroom supply must flow once more!

In the tradition of NetHack and Rogue, players control a single character, Rapius the mighty farm laborer, in his quest to defeat the forces of darkness and become the savior of Gosling valley (and its shrooms!). Rapius, who begins his virtual career with barely a rag to wear, must penetrate eighty levels of darkness, growing in power with each denizen of the dark slain, each newly acquired trinket, and every mushroom consumed, until at last he meets his final foe, the dreaded Medusa!

Scallywag: In the Lair of the Medusa provides players with a fascinating array of options to explore, making every game a unique experience. Rapius will face dozens of monsters, each with their own strengths and weaknesses, various environmental hazards, and deadly boss encounters. Along the way he'll learn to craft items, drink potions, eat magic mushrooms, smoke fungus, imbibe booze (from cheap Gobbo ale to lip-smacking Moon River whiskey), and much more. Among other things Rapius can become invisible, diseased, hungover, poisoned, and even a werewolf (hopefully not all at once)!

Rapius must also master his lantern, his source of illumination in the underworld. If the lantern is turned up Rapius will be able to see (and be seen!) further into the void, allowing him to make long range attacks on his foes. If the lantern is turned down, Rapius can attempt to creep past danger, sidestepping beasties he's not quite ready to tackle.