So, it's technically a board game... but it's caught my interest. Anyone ever heard of or played this?
Here's a link: http://www.fantasyflightgames.com/edge_minisite.asp?eidm=5
It reminds me a lot of the old Hero Quest. For up to 5 players. 1 player is the evil overlord (aka GM/DM) and the others are the players. It has modular board pieces that you piece together based on the quest write up. There's all kinds of spells and skills and things that your heroes can learn.
It looks like it could be a lot of fun. What REALLY caught my eye is the fact that it has some newer expansions that add an advanced campaign mode where not only the players, but the overlord also, play through multiple quests with an over map, and they all increase in power.
And the best part is it has support for building not only your own heroes from scratch, but your own quests as well. It's missing the painting and terrain creation that we all love, but it looks like it could be fun to play anyway.