From the announcement:
CMON Limited announced today that they have teamed with Steve Jackson Games to design and publish Munchkin Dungeon based on the award-winning card game.
Munchkin Dungeon captures the same playful sense of humor of the original card game, while providing a completely new experience. It is the first collaboration between designers Eric M. Lang (Blood Rage, Rising Sun, Arcadia Quest) and Andrea Chiarvesio (Richard the Lionheart, Kingsburg, Hyperborea).
In the game, 3-6 players will enter a dungeon and attempt to collect the most treasure and achieve the highest character level. They will have to push their luck if they want to be successful in their adventure, but if they come across a foe that’s a little too big to face, they can always run away. If players choose to take the cowardly (albeit occasionally logical) route of avoiding danger, they will earn Shame which will be counted against them at the end of the game. You can’t be a hero without exhibiting a little bravery!