Huh.
According to Max Shaefer, Torchlight 2 should be out by Thanksgiving; and it will be definitely priced at a mere $19.99 and DRM free.
That's damn fast. And if you're annoyed at Blizz for Diablo III, well, here you go. A year earlier, $40 less and mod-friendly. And there will probably be a retail release for the internet impaired.