I actually started reading this Eurogamer interview with Telltale's Job Stauffer when it was published. "Started" being the operative word -- how many "laughs" can you take in an article after all?
@fantasticleak16 is clearly a smarter person than I, as (s)he dug up some interesting information toward the end. Asked about doing another Monkey Island or Sam & Max, Stauffer gave a firm no, an explanation...
It is a proud part of Telltale's legacy, but not really part of Telltale's future.
... before he killed your puppy.
Dumping Monkey Island is not really much of a surprise -- I have no clue what DisneyArts's intentions are with the property -- but I'm surprised Sam & Max is off the table. The property pretty much launched Telltale (with all respect to Texas Hold'em and Bone).
The question now, I suppose, is if anybody else is circling around the Sam & Max property.
As for Campo Santo picking it up: that would be fun, but I think I'd rather see them continue making original stuff. Maybe Double Fine would be a good fit? I feel like the Lucas Remaster train has finally stopped for them, but man I'd be great if they could do Hit the Road, followed by a new game. Get a couple of the old devs like Chuck Jordan and Mike Stemmle in there, along with a couple of DF's young and eager designers, and let them hammer out a steady stream of adventure games while the main crew is making the bigger stuff.
I can't think of any other studio I'd want to touch one of the old Lucas classics really. Even though Sam & Max was a comic first. I kind of want that old connection there. I can't see Ron doing it - if they go back to the old games, surely Maniac/Monkey/Zak would be their choices.