Runic Games is confident that Torchlight II will be released this Winter - so confident they stated in their updated Torchlight II that the action-RPG will be out sometime in November or December 2011 unless "someone on the team dies."
Torchlight II will be including the most wanted feature from fans of the first game: co-operative play. The game will cost $19.99 USD and will be released exclusively for PC. The first Torchlight was released on Xbox 360, but there doesn't seem to be any plans for a console version of Torchlight 2 at the moment.
Torchlight II out this year "unless someone dies"
19 October 2011 | By JonahFalcon