This game has been Greenlit by the Community!

The community has shown their interest in this game. Valve has reached out to this developer to start moving things toward release on Steam.

Vendetta Online
Planetary graphical updates coming this month!
February 14, 2013 - Guild Software

The latest Kickstarter Update gives a quick preview of how we're graphically updating our planets in a coming patch:

http://www.kickstarter.com/projects/guild/vendetta-online/posts/405721