Propaganda Games Developing an Action RPG

Although he didn't give any further details, Propaganda Games co-founder Josh Holmes did confirm to Gamasutra that the company's next project is an action RPG.
Q: How many staff members do you have? Are they all working on Turok, or do you have other projects?

A: Now we're up to almost 150, and we will be adding more than 50 by the end of the year. We were actually focused on two projects right now, as we're getting Turok out the door. A lot of it, if Turok is a big success, we'll go on and develop more games in that universe, but we're waiting to see how that goes.

Then we have a second project that's in development. We haven't made any announcements about it, but I can say that it's an action RPG.