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Next-gen was a phrase bandied about for years to describe current gen projects because it made them sound a bit flashier. But now we're so close to next-gen machinery what else can he mean? He also lists the project as starting in October 2012 and its contents as "top secret", which all tallies with an actual next-gen project.
Massive Entertainment lists the same project on its website, albeit without the "next-gen" bit. There the project is known as "Online RPG", according to a lead level designer job vacancy.
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