Shadow Realms has been confirmed as the new IP from BioWare Austin, and it's an online action game inspired by pen-and-paper RPGs
Shadow Realms is set in a modern fantasy world, and features an ever-evolving over-arching narrative which will be released episodically. BioWare expects it to play out like a TV show, except the community will explore it together.
The multiplayer-only gameplay is asymmetrical; you can join a four-player party of heroes, or go up against just such a party as a Shadowlord.
BioWare calls this "dynamic co-operative four-versus-one". These individual matches are part of a greater narrative in a fight against something called the Insidious One. No two play session will be the same, apparently. Players will earn experience and progress their characters, whether they play a hero or a Shadowlord.
It's a PC exclusive. Those who attended the conference were granted immediate testing access; everyone else can sign up through Origin over on the game's new website. Closed alpha tests will begin as early as next month.
Here's a bunch of art we grabbed: