Furthermore, we can conclude that the Wheel of Time project doesn't seem to have started "full development" as of december? (Don't know exactly anymore) 2011.
We can conclude this because of:
-Obsidian's code names: F:NV was Obsidian's 9th started game, Virginia (which was a cancelled or put on hold XBLA game) was 10th, New York is 11th (which is the SP RPG) and North Carolina (Sawyers) is 12.
-Meaning they are working on 2 projects at the moment. According to a tweet by Chris Avellone in early december? 2011 they are working on two projects (SP and NC). Not on three.
Of course, it could suddenly turn out that Virginia has/had the WOT license. Or something else (like the WOT project not having an Obs project but that would not explain the 2 projects comment). It's speculation here anyway based on the few pieces of information we get. Been wrong before.