The website currently is only a splash page with a "Enter Site" button that brings up a animated page with a countdown on the bottom. The countdown seems to be measured by the second and being at 93000 at the time of this post means something will be announced in about 26 hours time.
Check out the website at http://www.quakewars.co.kr/
Quake Wars Online is a joint project between Activision and DragonFly Games. DragonFly is a Korean MMOFPS developer which released several Korean MMOFPS games in the past including Special Forces, Karma, and Karma 2.
The game will be based off of the Quake universe but will be played entirely online. There will be similar functions compared to other MMOFPS in the market and most likely this game will be released out in Asia first.