Torchlight MMO Aiming for a Late 2012/Early 2013 Release

According to a transcript of a recent Perfect World's financial call for Q2, the Torchlight MMO is tentatively slated for a late 2012/early 2013 release, as CEO Kelvin Lau states during the Q&A session:
Torchlight from Runic, as mentioned, I think the MMORPG version is going to be is scheduled to be launched in late 2012 or early 2013, okay?

Considering the fact that Torchlight II's release date has yet to be announced, I wouldn't be surprised if that's the only information we're going to get for a long time.