Noticed a few prominent ex Troika Games members at this new studio, it formed just after Troika closed too.
I found it by visiting Chris Glenn's website (ex Troika art director) and noticed he was with a new studio and followed the link.
The new studio is also located in Costa Mesa, well within driving distance from Irvine (although I fear for their sanity with the 405's rush hour traffic). It's also very close to where I live. They already have a publishing deal with Activision for a yet unanounced game. Oh, and they're looking to hire artists, which is what I'm currently studying.

The site is really nice though, great design and artwork.
Edit: Okay, maybe not ex troika games, looks like it's just the art director. But there's seriously a lot of talent in the company with lots of ex EA guys. Anyone know what happened to the Troika guys, specifically their writer?