Warner Bros. Interactive Entertainment they've picked up the gauntlet, as they plan on offering an updated version of Gauntlet for Windows this summer through Valve's Steam service, saying this will fully support SteamOS and the upcoming Steam Machines. This is in development at Arrowhead Studios (Magicka), and they say it "innovates on past titles while staying true to the brand’s legendary format." WBIE also has more retro remakes in the works, as they say: "The game will lead the launch of WB Games Vault, a direct-to-digital portfolio that will deliver paid games based on popular Warner Bros. and Midway brands, plus original IP, across multiple digital networks." The Gauntlet website is already online, featuring newsletter signups, and an official announcement trailer which includes gameplay footage and an outline of the game's classes. Here's part of the announcement:

Upon selecting a playable character, the gameplay is set within dungeons where the object is to fight through the chambers slaying evil creatures and completing challenges. An assortment of special items can be located in each dungeon that can restore the player’s health, unlock doors, and shift the odds in the player’s favor with magical relics which can aid the player in surviving longer in the Gauntlet. The enemies are a vast assortment of fantasy-based monsters, including ghosts, grunts, demons, spiders, sorcerers and skeleton warriors.