Reaper is a free-to-play action RPG that began as a PSP game in 2010. And kinda' looks like it.
You have cards which grant you abilities (no doubt where the game intends to recoup its attractive price tag), providing you armor, weapons, pets, et cetera. It still sounds like it's deep in development - they have no idea if they're doing anything with multiplayer yet. That said, it looks cooler than Fluster Cluck.
...how on Earth wasn't "Reaper" already trademarked?