There was a time when top down isometric action games were all the rage. Diablo, Baldur’s Gate, and their multiple clones ruled the PC world with their easy to play methods and sweet loot drops. And since Diablo III won’t see the light of day until 2010 at the earliest, I am going to let you in on the biggest secret in gaming. Well, besides the release date for Diablo III.

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A legion of PC gamers may be waiting for Diablo 3, but there is a game to whet their appetites until the next Diablo installment hits store shelves in 2011 (or even later?). Runic Games, made up of the Seattle team of the now-dissolved Flagship Studios, has announced at PAX that their first title, Torchlight, a fantasy action RPG, will be available as a downloadable title priced at $19.99 starting on October 27. PAX 2009 attendees are able to play Torchlight at Booth 872 in the Expo Hall.

Max Schaefer, CEO of Runic Games and co-designer of Diablo, said, “We have always felt that gaming should first and foremost be about the players and by announcing the launch date of Torchlight to fans at PAX, we’re able to give them a sneak peak of the game before its official release.”

[Source: Runic Games Press Release]