In fact, it was a mod of Unreal Tournament 3 until 2011, and currently being developed on UDK by Re-Volt: RC Stories Development Team, a 3D modeler
This project's stat is not stable like all the other attempts of remaking Re-Volt. The project started in Nov 29, 2007 and owned by Pirog... However there is no much progress since then (no programming progress).
- update from 10.08.2011*
The project have returned to development state, most models, what was done now are remodelling, retexturing. Pirog  - Idea, Lead modeller, texture artist, scripting cars, mapper
GMan (just_call_me_G)  - texture artist
Turn (aka Lapin Nikolay) - modeller
Kenz - idea generator, mapper
Moro - web site, concept artist, russian support of the project