The folks at Hydravision hinted back in September that they were working on two new projects for XBLA, one of which was to be a spin off of one of their current IP’s. A few recent Tweets have clarified their previous announcement. They are planning a spin off of their ObsCure video game series. This survival horror series has been dormant for a while but will be coming back this summer in some new form on XBLA. Meanwhile there is no clarity on what the second project really is. We are holding out hope that Dungeon Twister finally gets made. Hopefully we will know soon.

Big thanks to @Lifelower for pointing this out.