I'm sorry if this has been mentioned already but I'm happy to know Iron Lore is still alive under different name, Crate Enterainment. They have acquired Black Legion property from Iron Lore. It appears Crate Enterainment has been in business for over a year, working on Black Legion project.
Black Legion, was being developed and pitched to publishers in late 2007 as Iron Lore's next big RPG title. The Crate team was leading the creation of this new property before Iron Lore closed.
I'm really excited to know Iron Lore is back, sorta. Crate's website doesn't have much stuff but some art concept of Black Legion. Looks very nice.