It's been released. There's a video to teach you a bit about it on Steam:
http://store.steampowered.com/video/104700/81582
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Yeah, I'm gonna go ahead and call it a MOBA. And it's awesome.
It plays out like any other MOBA: 5v5, a few lanes, bots pushing, farming, ganking, leveling up. But, it does all this with a third person perspective. It plays far more shooter-y than other MOBAs. Most abilities have to be aimed and of course your "auto-attacks" have to be aimed. The game already has several arenas and multiple Pros of each job-type allowing you to find one you like.
It's adopted League of Legends monetization scheme almost verbatim.
- You earn credits for playing
You can unlock Pros (characters) with credits or with cash
You can unlock skins and fancy taunts with cash
You can unlock Endorsements (think LoL Runes) and Products (think LoL summoner spells, but far less powerful) with credits
You unlock more endorsement slots by leveling up your account
That said, the game is still a blast and will be free to play when it is released. In the meantime, you should sign up for the beta.
http://www.uberent.com/
And, if you missed it in the video, the game contains ROBO-KITTEN OVERLORDS: