Hi-Rez Studios has announced its first offering, something it has dubbed a "Spy-Fi Action MMORPG" that uses the Unreal Engine 3. Global Agenda is a mission based MMORPG where one is thrown in a world of espionage and tactical covert operations.
This game has been in development for two years by veterans of the industry, so we should expect the final product to be polished. The list of features is pretty long, and some of them will be hard to actually pull off. If they can do it though, we may well be looking at the next dominant MMORPG.