Despite rumours to the contrary last month, UTV Ignition's announced that it's still developing Wardevil and has re-branded the game.
The third-person action title has been codenamed Project Kane by the company, and is now being aimed for a Q4 2011 release.
"Following a comprehensive audit of the title, assets and internal team, we have decided that a core team responsible for the Project Kane prototype will take the game into full production, led by the key vision holders," said group chairman of Ignition, Hassan Sadiq.
"There has been speculation recently about this project but our vision has always been to create top quality content both with internal and external partners and this latest commitment combines the best of the DNA behind the original project vision with some of the creative talent available in the broader industry."
Designer director Julian Glover added: "We have cherry picked from some of the world’s best teams to build our UK studio which includes personnel whose combined previous development credits include Burnout 3, Crysis, Little BigPlanet, and Heavenly Sword. We are extremely excited to fast-track development of Project Kane."