Interplay still holds the license for certain Fallout titles (the classics) and now we’ve got news that they have teamed up with Masthead Studios to develop a MMORPG codenamed Project: V13. If we are to connect all the data, we can feel a bit of a “Fallout Online” title here, it all adds up, doesn’t it?

Apparently, the game has been in design and development at Interplay since November 2007. Masthead and Interplay teams will work together under the direction and control of Interplay to complete development of the project which still has no estimated release date set, but since it has been two years in development… well, this could mean that it’s close.

“We are looking forward to turning the vision of our game designers into a compelling online gaming experience. The planning and design completed for Project: V13 thus far, combined with Masthead’s resources, tools, and growing team of dedicated MMOG developers, will bring this unique game to reality,” said Interplay’s Chief Executive Officer Herve Caen.

So, what do you think? Is the codename indeed “Vault 13” and should we expect a Fallout Online game or it’s just a strange coincidence?