Torchlight Preditor Mod Tools

The first time you run the editor it will take longer to start up than it should on subsequent launches
Perfect World Entertainment has released the first version of TorchED, the mod tools for Torchlight, an action-RPG developed by Runic Games, a company lead by a veteran team composed of designers and leads of projects like Diablo, Diablo II, Mythos and Fate. A playable demo can be found here.