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With exactly one week to go before it shuts down, the "pay what you want" Humble Frozenbyte Bundle of five downloadable games from developer Frozenbyte has raised nearly $690,000. The rate of revenue has slowed considerable since the first day when the bundle raised over $400,000.

Just a reminder: The bundle contains five games from Frozenbyte; the two titles in the Shadowgrounds sci-fi top down shooter series as well as Trine, the fantasy platformer-puzzle game, all DRM-free and all in PC, Mac and Linux versions. You also get the soundtracks for all three games and three music tracks for the upcoming sequel Trine 2. The bundle also gives access to the previously unreleased top down action game prototype Jack Claw. Buyers of the bundle will also gain access to Splot, a platformer that has yet to be released.

The first two Humble Indie Bundle events generated well over $1 million in revenues each time for the select group of indie games via the "pay what you want" business model. Now that same group is launching a third such effort but this one is a bit different. All five games will be from the same developer Frozenbyte.

Yes, Frozenbyte is offering five of its games via the "pay what you want" model for a limited time. The games include the two titles in the Shadowgrounds sci-fi top down shooter series (both now have new Mac and Linux ports for this deal) as well as Trine, the fantasy platformer-puzzle game (that game now has a Linux port). All three games also come with their music soundtracks.

But that's not all. Paying for the Humble Frozenbyte Bundle also gives the customer access to two more previously unreleased games. One is Jack Claw, a top-down action game prototype (Windows only) that features the player controlling a character with a giant whip in an urban setting. The source code for the game is included. The other title is Splot, a game that hasn't even been released yet but will be given to anyone who purchases the bundle once it's ready. We don't have any idea about what the game is like but the concept art looks ... interesting.

The Humble Frozenbyte Bundle should be live by the time you read this and will last for at least 14 days. By default, any purchases of the bundle will also benefit two charities, Child's Play and the Electronic Frontier Foundation. You can check out a trailer (with goofy narration) for the bundle after the jump.

Update: In just its first hour the Humble Frozenbyte Bundle has already generated about $58,000 in revenue.