Well, there was a discussion on a game named Grimoire (I believe it is the same game we are talking about now) almost two years ago here:
http://basiliskgames.com/forums/viewtopic.php?f=5&t=426
So yeah, it has been in almost released state for a long time.
Further discussion in RPGWatch forum here:
http://www.rpgwatch.com/forums/showt...?t=3413&page=2