Runic Games has announced that its will reveal the release date for its highly anticipated action RPG, Torchlight II, during the PAX event, on August 31st. The company has also unveiled its PAX plans and you can read them at the game’s official website. Torchlight II was originally meant to be released alongside (or before) Diablo III but Runic Games decided to delay it. The reason of the delay was the company’s desire to further polish it before releasing it. Enjoy two hours of gameplay footage from Torchlight II’s closed beta phase – courtesy of YouTube’s member ‘IncredibleOrb’ – after the jump.