Risen is a new open world RPG game in the vein of Oblivion.  Following are some screen shots for the game as well as the press release from Southpeak.

RISEN is a massive, open-world RPG where every decision counts and every action
continuously shapes a player’s reputation. In a medieval setting, the game begins with
the player shipwrecked on an island in turmoil, rocked by mysterious ruins rising from
the ground. Players will battle dangerous creatures yet the promise of ancient treasures
will lead them on an adventure where they must choose to align with either the native
Rebel faction, or the mysterious Order and its Inquisition. Only then will they determine
just what is truly happening on the “forbidden isle.”
“We’re incredibly excited about RISEN and the opportunity to publish it in North
America,” said Geoff Mulligan, Chief Operating Officer at Deep Silver. “What we bring
to market is a deep, immersive RPG that Xbox 360 gamers have been clamoring for.
RISEN is going to start off this year for RPGs in an amazing way.”
RISEN features a seamless streaming environment that players can explore however
they choose, using intuitive controls designed to make exploration and combat easily
accessible to both RPG fans and newcomers alike. The game’s central story can be
experienced in different ways, depending on the in-game decisions players make.
RISEN is being developed by Piranha Bytes and scheduled for release in February
2010. For more information visit risen.deepsilver.com.