This week saw the release of the PotSM RPG from Pinnacle Entertainment. You can find some resources for the RPG at Pinnacle's site.

I seem to remember WK giving them the rights to make RPGs out of some of thier games?

Does anyone remember if Mage Knight was one of those games? Or if it was already released where the info is?

Yes it was. It was even in development. I have no idea if they still have plans to release it, though.

They were also supposed to be releasing scenario books for the various games (PotSM, Mechwarrior, etc.)