There are lot of job postings on their site, while its possible they might turn around and sell it to Rockstar i think it is unlikely that they will do this. I suspect that they will simply keep working on it and looking for a publisher. W/E happens id be interested in seeing how this develops as an MMO.
edited to add:
World Of EveCraft | Rock, Paper, Shotgun
I think this would be a brilliant use of the "leveling" discussed in that essay.