Well, we have to see this in a more positive light. Obsidian has basically free reign to completely reboot/recreate the DS setting. They can make it completely different from the predecessors without violating canon, because there never was any.
Before I jump to conclusion, I wanna know if that will be a HAck & Slash RPG like the predecessors, or a real RPG. Is that the same project using the Onyx Engine and George Ziets as creative lead?