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Pemalite said:

"Announce" means to make "Publicly or known".

Blizzard made Titan's development, public, thus it was "Announced".


Yes, and what they made publically known was that they were working on a project which was codenamed "Titan".

Is this a new IP?  We have no idea.  It's a codename.  It's unlikely it was tied to anything existing, but can you say that with certainty having seen the game?

If the title is really, really bothering you, I can change it.  But like Talal says. Blizzard themselves were spouting this during the presentation.