Ubisoft is working with Pwnee Studios to bring an indie title called Cloudberry Kingdom to the PC, PlayStation 3, PS Vita, Wii U, Xbox 360 and Mac in Summer 2013.
Cloudberry Kingdom has been in development for three years, but the team decided to quit their day jobs a year again and have been working on the game full time ever since.
A character with a mushroom cap for a head/hat? INCOMING LAWSUIT FROM NINTENDO! lol
If Ubisoft is working on it then it stops being indie.