Masters of the Broken World
from
Elemental Forums
I have find nice looking game from russia... Looks similar to Warlock - The Master of Arcane.
However this one looks nicer, has also tactical battles, and some interesting ideas. There will be multiplayer too.
Video with some info adn gameplay:
http://www.gametrailers.com/video/gc-11-masters-of/720326?
Some screens from official homepage: