The satirical fantasy action-RPG Magicka has kept us interested in its development ever since it was first announced. Sweden based developer Arrowhead Games Studios clearly has its tongue firmly inside its cheek while both making and promoting the game.

Today the game's latest (and very funny) trailer was released by publisher Paradox Interactive and it revealed that the game is now set for release in January 2011. Oh, and don't panic too much when you see that $89.99 price at the very end of the video. The trailer quickly makes it right and shows a more reasonable $9.99 price point for Magicka.