I am not sure what it is supposed to be called in the end, but you can find news of it here
http://www.equestriadaily.com/2011/07/p ... .html#more
I am going to try my hand at writing sound tracks (no pun intended) for the game, and I know Makkon is interested as well.
I wanted to make this thread if anypony wanted to talk about it.
If you want to write music for a game (Interrobang pie... I am looking at you), you could message the guy on youtube with your music and make him not even consider my stuff!! http://www.youtube.com/user/johnnindex