So, this popped up on youtube:
Have you ever wondered what it would have been like if wizards were allowed to roam the jungles of war-torn Vietnam, attempting to bring peace and stability to the region by casting spells on all opponents? Wait, you haven't ever wondered that? Ever? Okay, so we're probably the only ones who have but in our defense: here's your chance to stop being so closed-minded. Magicka: Vietnam delivers over-the-top action as players take on the role of four meek and physically inept wizards as they try to do what so many 80's action stars have done in the past: blow stuff up."
So it seems they're continuing with the parody thing.
Dunka dunka on, motherfuckers!