Guy.brush from our forums has published some work he's been playing around with on a theoretical Monkey Island 2 Special Edition.
The thinking behind the project seems to be: "Redrawn backgrounds? Bollocks to that. Why don't we make them 3D and shitz?" -- and that's exactly what he's done. Check out the video, the awesomeness of which speaks for itself.
Screenshots and more information can be found at Guy.brush's web-site.
Rather alarmingly, MTV have interpreted this project as a "quaint indie port" and "a direct (and free) competitor" to LucasArts, made by "crazy Germans."
Hooray for journalism.
JP Update: Those crazy germans known as 'Guy.brush' are back with their second Tech Demo, this time The Voodoo Lady's Hut. Enjoy.