I just had to come back here and let everyone know of what sounds like will be the best game ever made (as long as they don't screw anything up).
http://playstarbound.com/about/
The graphics artist for Terraria, Tiy, is one of the guys working on this game.
It actually seems that Tiy is the project lead.
None the less, I like the look so far, can't wait to see what happens with it.