This is that new upstart dev with Didier Malenfant, who was a founding member of Shiny and worked on the Heart of Darkness port, and two ex-Blizzard programmers. It'll be interesting to see how this shapes up.
I think it's set between Jak1 and JakII. As far as I remember it's meant to be about what happened to Daxter after he was separated from Jak at the beginning of JakII.