Its not a joke. The most talented Devs of OSI have not been linked to a single UO project for over a year, yet they are still there. Obviously they have been hard at work on something
Winter: Dont worry about that. The problem they are running into with UO nowadays is that its just soooo old. Everything they add has to go thru 3-4 times the crap as it did 5 years ago. The servers are grinding thru so much more data now, yet its still doing it the same way it did at the start. Only thing thats changed is better hardware, but they cant change the base design of the game, which is now outdated for what they want it to do.
The one thing I know is this ... If they come out with a UO that stays true to the principles UO was founded on (skill based, TONS of tradeskills) and are able to add a 3rd or 4th generation graphics system, fix PvP, and add at least 5-6 races t choose from, if not more, count me in as preordering and loving it!
Only time will tell.