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Speaking with IGN, Runic Games president Marsh Lefler explained why the developers didn't pursue the development of a Torchlight threequel, instead opting for a new property, Hob, an action-adventure/puzzle game that seems to have little to do with the action-RPG heritage the company is known for. In Lefler's words:
"We're just burnt out," Runic Games President Marsh Lefler told IGN when asked why the team made Hob instead of Torchlight 3. "Let's admit it, Diablo 3 is killing it right now. Diablo 3 is a really fun game. Not that Torchlight 2 isn't a fun game, it is, but it's just different. For us to try to compete with Diablo 3? We weren't trying to compete before."