There still is, as far as I know. When Apogee (original developer) was taken over by Take 2, Take 2 assigned the task of finishing the project Apogee started (Duke Begins) to 2K Games. So 2K is apparently working on Duke Begins.
Honestly, what were they thinking? Duke Begins? They're keeping the same muscle-bound, tight red shirt and Ray Ban wearing, bleached blonde hero. Those went out of style in the video game world about 10 years ago. Sure it might be nice for nostalgia purposes, but nostalgia only gets you so many customers.