It's not quite KOTOR, per se.
It's called "The Old Republic" or TOR for short.
The new game, TOR, is supposed to be taking place 300 years after the events in KOTOR.
It's being developed by Bioware, which is excellent. I can't wait to see how they handle an MMO.
I plan on playing this the day it's released. I think I'll be a Chiss (Grand Admiral Thrawn style) Imperial Agent. Sith Empire all the way!