Moonshot Games is an indie games studio led by: Michel Bastien, who was a producer on Halo 2 and 3, Damián Isla, who led Halo’s AI design and Rob Stokes, who was a design lead on Halo 3 and a designer and writer on Halo 2. The team have now announced their first game; a 2D side-scrolling shooter called ‘Fallen Frontier’. A very small Q&A was published on the Moonshot Games site stating that they are aiming to have the game released within the first half of 2012 and that they are hoping to release it on Steam, XBLA and PSN, though the title is currently without a publisher. See the announcement video above for a brief idea of the story and some early gameplay footage.
Thanks to Gamesradar for the info.