Torchlight II - Preview @ Destrutoid
There's a very short hands-on for Torchlight II from PAX at Destructoid:
A lot of work has gone into making sure Torchlight 2 has replayability. When your characters hit the level cap (I was told to expect it to be around 50), they can confer buffs and perks to new characters. There's a match-making system, full modding support, and suite of other features to to ensure you get your money's worth, all for the paltry sum of $20.
Information aboutTorchlight II
SP/MP: Single + MP