I've a few uncles, but if I was to tell a story about one of them, I'd probably pick the one who worked with Patrick Stewart and Sean Bean. Though I can understand why, if given the choice, you might go for the one capable of inter-dimensional travel and grappling hook tomfoolery.
It has the same core concepts as the original free game: a strange, beautiful world of floating islands for you to bound across using a grappling, electric magi-hand. The student project paired your leaps and sprints with narration, telling the tale of your pursuit of your uncle, and the new trailer - and, you know, the name of the game - suggests the full release will do the same.
Alec dug the original for its puzzling and sense of momentum, and hopefully the (grapple-powered) leap to a full release will have allowed the team to sort out some of the issues with the script and voice acting. It's being published by Coffee Stain Studios, the developers of Sanctum and, as of last week, Goat Simulator. Which I hope simulates this.
Follow the Gone North Games site for more updates.