My point, exactly ... and as icing on the cake, Jade Empire was BioWare! I think it's safe to say that most KOTOR fans would like to see BioWare take another crack at it.
I think Obsidian did a fine job, personally, and could probably run with the ball on KOTOR III if they were given enough time to do the project properly ... but I gather from the notes and diaries of the Obsidian and LA developers, that they were not only rushed but were using graphics technology they considered sub-standard (I'm reading that into it -- they never said that in so many words, but it was strongly implied). I think the mistakes in KOTOR II were administrative, not creative, and that can be remedied.
That said, Obsidian may not have the time or the resources needed to start a project of this size.