Bigpoint, the developer of Battlestar Galactica Online and the upcoming The Mummy Online, is currently developing a browser-based massive online game based on Universal Monsters. While the deal was previously announced, we now know that the game is already in development and will be an action RPG:
"Previously announced as part of a publishing agreement with SEE Virtual Worlds, the Universal Monsters game will be a third-person, multiplayer action RPG in which players fight against famous film monsters from Universal's catalog like Dracula and The Wolf Man."
There is no word yet on a release date, pricing, or how players will interact with each other in the virtual world. It seems like development has just started, but we should see more of this game during the E3 Expo in June.