It has been revealed today that Bioware, makers of the original KOTOR are presently working on game #3 in the franchise. And it's not an MMO as had been rumoured often in the past.
No official announcement yet of course (other than we know they are doing something together). This is all credited to an unnamed "EA Analyst", so no counting your Bogas before they hatch.
Update: LucasArts and IGN have once again ground our dreams into the dust. LucasArts said:
We are working with BioWare. We've announced that we're working with the developer on a project, but it has nothing to do with Knights of the Old Republic.So what the hell are they doing then?
... :)