It looks like Day 1 Studios isn't making a new MechAssault game, but a free to play mech-combat game called Reign of Thunder.
The Reign of Thunder official website has launched, featuring a sparsely populated website and a debut trailer.
The studio adds: "Mech fans have been asking us for years to return to the genre and we've been listening. Reign of Thunder is an all new Mech IP being developed by the people who brought you the award-winning MechAssault series. We've been hard at work creating a hard-hitting, fast-paced, explosive action game with all the customisation options you could ever want."
The trailer features actual gameplay from the upcoming beta build.
There's no confirmation of platforms, but PC seems like a cert.