In a recent interview, Rob Pardo was asked about the Titan MMO project.
He didn't provide any juicy details but he did say that the team was 100 people strong now and that you shouldn't expect anything info from them soon.
As for me, I think a 100-people team is a bit too small for an MMO. A WoW expansion project has over 150 people, whereas The Old Republic had large number of developers behind it. Now, I have no info whatsoever regarding Guild Wars 2's number of developers, but I am pretty there were many of them, more than a hundred.
Personally, I think part of the problem is that Blizzard is just too picky when it comes to recruiting people.
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