Already in development, supposedly releasing next year or so. Even has a side game to go with it, though I forget what it's called. Going to be for PS3, 360, and PC.
LOL must be a Gamefaqs genie somewhere!
Had given up on that after I heard Ascaron had given up the series and that was years ago - just been reading up about it now on the web!, plus the PS3 is the lead platform so it should be better than the PC port of 2 we got.