IGN has some details on the game which they say is aiming to parody a number of the typical Diablo-style gameplay conventions. For example, the game supports four player multiplayer but friendly fire will always be on. That means spells could hurt or even kill other players off which could generate a few giggles. With Diablo III's release well into the future this game could help ease the pain while also making us laugh.
Gallery: Magicka Screenshots