On Friday Runic Games was closed down by publisher Perfect World in order to focus on games as a service. Runic developed Torchlight, Torchlight II, and the recently released Hob. Torchlight proved you could have a Diablo-esq game on on a console.
I will always have a special place in my heard for Runic as I remember being impressed with the moxie and preconsciousness of the studio when I first met with them at PAX 2008. The team was creative and I always appreciated the sense of humor in their games (Torchlight II had Goonies level complete with a pirate ship).
On the studio's website, studio head Marsh Lefler is promising that we haven't heard the end of Runic and hopefully that's the case.