PC Games Has anyone heard anything about Unreal Island?

I heard about this mmorpg from a friend of mine that costs $100 and if you win theres some really big prize? Its called Unreal Island and I'm not sure if its out yet?
And people are competitive enough in games... :D I can only imagine what kinda of competition money would bring to the table... there are alot of people that do nothing but game 18 hours a day... haha, I would too if I could!