Feargus told Microsoft to can it and high fived his team while doing some moustache twirling and bellowing his evil laughter of evil. He's like Bad Horse, except less horsey and more Saturday morning cartoon. The Obs Leadership hosts the Evil League of Evil meetings for a reason, after all.
Eh, well... as far as the original concept goes, I doubt having "millions" of players in an MMO-ish environment working towards the same goal is any more viable now than it was back then. But a game like Stormlands? Yeah, as long as it also comes out on PC, count me in.