Project Hell now has the official name of Hellraid. A first-person, co-operative hack-and-slash fantasy game, Hellraid started as an internal weapon mod for Dead Island, eventually snowballing into a full-fledged game for PC, Xbox 360 and PS3, due some time this year.
Hellraid is built upon a melee combat system relying on timing and precision, with a parry mechanic tossed on top. There will be a single-player campaign, but Techland says the main focus is the four-player cooperative multiplayer component, where a Game Master (think: Left 4 Dead's AI director, or a D&D dungeon master) will govern loot and enemy spawns, plus pose different online challenges. Techland promises more information in the weeks to come.