As noted in this press release at Stomped, GarageGames, the company made up of former Dynamix employees, has licensed the TRIBES 2 technology, which they have molded into what they call the V12 Engine. GarageGames will be sub-licensing this technology to aspiring developers for the low, low price of $100, and games that are built on it may in turn be published through Sierra Studios. Here's an excerpt from the press release:

“GarageGames is being built by professional game makers who are committed to publishing truly original and exciting products. This deal with Sierra is an example of our vision of providing game makers with state-of-the-art tools as well as how we will help our developers find a market for their games,” said Jeff Tunnell, founder and President of GarageGames.

“Our version of the Tribes 2 technology, christened the V12 Engine, will have all of the Tribes 2 specific intellectual property, such as models, skins, and WON.net encryption removed before the source code is released for purchase at our site after the Computer Game Developer’s Conference in late March. Soon after that, we will release a demo, example source code, and begin our own set of improvements in order to keep the technology on the cutting edge, “ said Rick Overman, founder and Chief Technology Officer.

In addition to licensing the technology to GarageGames, stellar games that sell on the GarageGames site, may be given the opportunity to be distributed through Sierra’s retail distribution channel. “Sierra sees this as a wonderful opportunity to leverage our investment in the Tribes 2 technology to a world wide base of innovative developers. We see GarageGames as a farm team that can bring many ideas to life,” says Mark Hood, Sr. VP of Development at Sierra.