Sorry, there are no details provided.
It was just mentioned as a "one-liner" in an article in a norwegian newspaper. The article was labeled "Funcom after Conan" and focused on 2 aspects: Their next big MMORPG "The Secret World", and their new investment into the "Casual MMO" marked. There it was said that their first Casual MMO was already under development, that it would be java-based, and that it would hit the marked sometime in 2009. It appeared from the article (and several other articles) that Funcom will be focusing more on the Casual MMO market in the future.
A link to the original norwegian article. (I guess some online service can translate it). http://www.dagensit.no/trender/article1466642.ece