Runic Games recently announced Hob, an upcoming exploration game, and during a conversation at PAX, IGN learned from the developer that burn out and a reluctance to compete with Diablo III are the reasons they chose not to pursue development of a third Torchlight game at this time. "We’re just burnt out," Runic Games President Marsh Lefler explains of the decision to eschew Torchlight 3. "Let’s admit it, Diablo 3 is killing it right now. Diablo 3 is a really fun game. Not that Torchlight 2 isn’t a fun game, it is, but it’s just different. For us to try to compete with Diablo 3? We weren’t trying to compete before."