Cliffhanger (also doing Jagged Alliance Online) have announced that they will be making a Shadowrun game. The fantasy-meet-cyberpunk setting is a splendid one, and Cliffhanger's effort looks closer to the old RPG than the recent shonky multiplayer take on the game concept. Cliffhanger explain their approach: "it will have a perspective camera in a 3D setting, much like our Jagged Alliance Online game... So, it will be a decent quality, but it won’t be what some call AAA. The reason for that is simple: We are doing a browser based game. This means anyone can access it at any time from their PC... But that also means we need to limit visuals. I hope you agree that gameplay is king, so we think the visuals are decent enough."
There's a bit more information over at the announcement, including an explanation of how the game will have two parts - action map and city planning level map. Sounds intriguing.