Good news everybody. The long rumoured KOTOR remake has been confirmed, but (bad-news, everybody) as-yet only for PS5. PlayStation's CEO Jim Ryan revealed the remake at the Playstation Showcase presentation earlier today. The task has gone to Aspyr, responsible for several other recent LucasArts / LucasFilm Games ports.
The original Star Wars: Knights of the Old Republic was a groundbreaking and universally praised RPG from Bioware. Initially it was an Xbox exclusive, but eventually made its way to other platforms.
No gameplay footage, or further details on changes were available at time of going to press, sorry Meatbags.
Update: From a tweet (below) and a blog post "...it’s a console exclusive on PlayStation 5 at launch", it appears this remake is also coming for PC, and the PS5 console exclusivity is timed, so you'll likely be able to get it on Xbox (and possibly Switch) after a bit of a wait.