Fallout: New Vegas and Alpha Protocol maker Obsidian is making an original Xbox Live Arcade action role-playing game.
It's also working on a "great idea for a new world" and an older pitch for a fantasy game called Defiance.
That's in addition to ongoing work on Fallout: New Vegas downloadable content for Bethesda and Dungeon Siege III for Square Enix. Busy, busy, busy.
"As a studio, we have some original ideas and stories to tell," CEO Feargus Urquhart told Game Revolution.
"We have a great idea for a new world we've just started pitching to publishers and we have an older pitch that we really liked called 'Defiance' which is about a fantasy world where, basically, Sauron won.
"Everything isn't happy in The Shire, they didn't get the ring in the fire and the hobbits are all dead. We think that's a cool pitch and we hope to have a publisher pick that up at some point.
"We're also working on an original IP XBLA game, so that hopefully will be out first quarter next year. It'll be an action RPG that's focused on fun, not Dungeon Seige, it's quite a bit different in a different genre with a different camera.
"We also might throw our hat in the whole free-to-play thing. In the game industry there's a lot of different opportunities for all different kinds of products."
And, on top of all that, Obsidian is working on a licensed IP set for a reveal in June.
"When people hear about it they're going to be, 'well you had to do that. there's no option, if I was a developer and I was offered that I would just do it,'" he said.
"I'm hoping that'll be announced around E3."