The proposed episodic series, called Shadow of the Eternals, is looking for crowdfunding. And yes, Dyack is involved.

UPDATE: IGN confirmed most of the information we reported earlier, though some of the finer points have been shifted. Precursor Games is looking for $1.5 million, and Denis Dyack is in the position of chief creative officer. The episodic plan, Wii U release, and plot description were all confirmed to be totally legit. The original story follows below:

Shadow of the Eternals, a spiritual successor to the GameCube classic Eternal Darkness: Sanity's Requiem, is slated to come to Wii U (and PC) in Q3 2014 as long as the crowdfunding campaign succeeds, according to an anonymous source. IGN recently revealed in a teaser trailer that the campaign will officially be announced on Monday, and that Denis Dyack is involved.

From Precursor Games, a company formed from the ashes of Silicon Knights, it will be episodic, with the current goal to make a season of 12 playable episodes that each focus on at one playable character and are slated to contain about two-to-four hours of gameplay. Shadow of the Eternals will bring back the combat, magick, and sanity event mechanics from Eternal Darkness.

Their crowdfunding won't be done on Kickstarter because they are a Canadian company, and their goal is $1.1 million. Those who donate become a member of the “Order of the Unseen” and will get access to the development forums and have the chance to interact with the team. Other rewards include copies of episodes of the game, posters, Skype calls with a developer, and creating your own sanity effect.

We also received information about the game's story, which follows detective Paul Becker as he investigates a brutal massacre in Louisiana that left two cults decimated. Becker falls down the rabbit hole and learns of the Eternals. Shadow of the Eternals will follows a similar path as Eternal Darkness as players will jump between different characters across 2,500 years of history in varied regions ranging from the United States and England to Egypt and Hungary.