Yeah I was under the impression it would be a small project like that, $20 type game. I think it's going to be also on Xbox Live and the PS3 thing which means the game can't be something huge as maybe some people were thinking.Actually my german gaming news site says it will be more of a light version, there will be only three maps, less controllable vehicles(the aircraft carrier on wake island won't be controllable) and only three classes, the price will apparently be 15-20EUR and it will be downloadable only.
If you want to check the german news, you can find it here, some of it is also in this IGN news.
Overall it doesn't sound too good to me anymore, I must say.
Edit: there's also a gameplay video.
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