The developer has said that they suffered unexpected financial difficulties at the end of 2011 and stopped all development before they could find any new investors.
Dawntide is a skill based MMO that allows up to 700 skill points to customize your own character. You gain skill points by using the skills, for example in combat or crafting. There is a maximum of 400 trainable attributes and perks for you to build the character which you want. This concept is a lot like Skyrim, but apparently Dawntide’s concept wasnt cool enough. After the beta test in 2011, the developer began to redesign the world, but now they do not have finances to continue with the development.
If anyone would like to invest, or for more information then please visit their official website.