The Devs of the best-selling series "Halo", is rumored to creating an iOS MMORPG called Crimson. An article from Cult of Mac states: Also some info on TouchArcades article about Bungie and a little about the upcoming(?) game.
This sounds like the worst idea ever... Don't taint your shooter legacy by making a shooter mmo for touch devices bungie >.>"
...and the hype massively outweighs the product, because they released some mediocre cult games decades ago. This is one of those things, where you try to reserve any and all judgement until we know all about it, anything else is just speculation.
A shooter mmo? Are there any? If this is real then it obviously has to compete with Order & Chaos and I don't think a "weird combination" (cough cough game dev story) would work, let alone sell to get enough players.