Looks like Valve was working on a four-player fantasy adventure game

[Administrator]

Was Valve once developing ideas for a four-player, co-operative fantasy adventure game? Artwork by former employee Drew Wolf suggests so.
Wolf's "Untitled Fantasy Game" gallery on his website shows character work for an internal R&D project, "a fantasy adventure game centered around cooperative combat and driven by story".
"The goal was to present as many groups of four adventures as possible in order to establish a diverse cast of archetypal characters. After discussion and feedback the group was paired down to ten characters. They would become the project's main characters."
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