Wizardry and Eye of the Beholder fans, keep an eye on this indie game. CumQuaT is developing a new game with the intent to recreate the amazing turn-based, first person RPGs from the golden age of PC gaming using modern game engine technology. Naturally, rich classics such as the Might & Magic series, Eye of the Beholder and the like have inspired this new title which, when finished will put its players into a literally infinite fantasy world filled with procedurally generated content. 

The Sword of Ahkranox isn’t trying to compete with the larger, professionally developed RPG titles out there, but instead the team’s aim is to fill a large gap that we believe has existed in game technology since the mid-nineties. It is definitely a must-have for all enthusiasts of the quintessential RPG. The game’s procedural engine can generate an infinite number of weapons, items, spells, monsters, dungeons, cities, countryside and even dialogue, allowing the player to explore the game with no end and no reason to stop.

Malevolence: The Sword of Ahkranox is slated for a Q4 2012 release, exclusively on the PC!

http://www.dsogaming.com/news/indie-old-school-rpg-malevolence-the-sword-of-ahkranox-gets-new-footage/

they got my money lol, but I'm a crazy person 

If a game is too much based on procedurally generated content it gets artifical and boring. And this game looks extremely ugly, they say its modern game engine technology but it has the same graphics as an RPG from the 90's.

I actually don't like games that go on forever... because it feels like I did absolutely nothing for an extremely lengthy period of time, with a lower overall quality.
Nor, the grid based stuff.

However, there's not a lot of games out there so I think it's neat they are making something like this.