Sword of Fargoal 2 had a successful Kickstarter that concluded in late 2012. Like most Kickstarters these days, it seems like development of the game has taken much, much longer than most backers expect (per comments, anyway) but that problem hopefully will be remedied with the addition of a new developer working on the project. As far as when it’s coming, here’s what they have to say:

We don’t have a specific release date that we can announce, but we can say that our goals are aggressive, and we hope to bring the game to you this year for sure in a 1.0 form, and in as few months as possible.

To thank backers for their patience, they’re making the original Sword of Fargoal (Free) free for the next three days. Everyone should really grab this game, as I’ve played a ton of roguelikes but for whatever reason always find myself going back to Fargoal. If you need additional convincing, here is our ancient review.