A-yup. Three developers who worked at Rovio have formed their own studio, Boomlagoon, and their first game Noble Nutlings is being released on Janurary 10th. Here's the trailer.
Well it's got the cutesy animals and it's got some interesting customization, along with Bike Baron-esque controls. Could be enjoyable. We'll have to see when it's released. The problem with using their Rovio pedigree as PR for their new game is that scrutiny of it will be high. Let's hope it rises to the challenge.