This is being made by Frictional, the same guys who made Amnesia. it's being aimed as a sci fi horror game, think of it like its System Shock and movies like Alien. they released a few live action videos to give it a feels of what it's going to be like

The First one is called Item #2656 - "Vivarium"
http://www.youtube.com/watch?v=lLVOif6CHgE


The Second one is called Item #4017 - "Mockingbird"
http://www.youtube.com/watch?v=eytOzwyfiCA&