Not sure why this is not on the PR news page, but it is in the forum with 30 pages of discussion with moderator participation. This has been oddly handled by the PR Team, but seems to be legitimate.
Project Reality 2 will be a free-to-download multiplayer game being developed on Cryengine 3 Free SDK. Project Reality 2 will see the popular mod from Battlefield 2 being completely re-built on Cryengine 3.
The Project Reality 2 development team comprises of a group of dedicated and skilled modders whose ultimate goal continues to be the release of a Project Reality 2 standalone game.