Gamespy managed to get their hands on Flagship Studios game Hellgate : London for a preview, I have just finished reading it and I must say it does look promising.

It was nearly two years ago that a talented team of Blizzard employees -- responsible for Diablo and Diablo II among others -- struck out on their own and founded Flagship Studios. Their first game may look wildly different, but it doesn't fall too far from the tree: Hellgate: London plays like a first-person Diablo. You'll mow down hordes of demons and collect phat lewt at a blistering pace, advancing your character as you explore the twisted remains of London

Then again the site of our capitol city getting trashed does sound appealing,there are some screenshots in our gallery if this game floats your boat.