If your waiting to play Torchlight II on the console your out of luck. VG 24/7 has the news were the developers said there was never any plans to do so.
More information.When asked whether the firm had plans to bring the RPG over to current or next-gen systems, we were told there were “no plans for Torchlight 2 on consoles,” as noted above.
The original Torchlight was released on Xbox 360 back in March 2011, after being announced for the console as well as PlayStation 3 in August 2010; however, since Microsoft became the acting publisher for the XBLA release, the PS3 version was scrapped.
When asked what other nuggets of wonder were being concocted in the bubbling stew over at Runic, we were told that the firm wasn’t at liberty to “share yet what may be in development,” but they’d be happy to let us known when something concrete was ready to be announced.