Hopefully not, if KotOR III ever sees the light of the day, it should take place in a distant future(let's say 200 years?), when Revan gets the same amount of attention as Exar Kun did in KotOR.
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This is the best plan.
P.S. Revan needs to die. If you love something, chain it to the floor. If it gets away, shoot at it. If it escapes, leave it alone.