What we know so far: The project originated just after KOTOR II launched in 2005. SW:TOR is reportedly the reason Electronic Arts paid $860 million to purchase BioWare and Pandemic. The MMO takes place 300 years after the first KOTOR II, which puts it about 3,500 years before the film.
You can choose between two factions, the Galactic Republic or the re-energized Sith Empire. You can also align yourself as a Dark or Light Side character in either situation. Two classes have been revealed: Jedi and Sith, both of which can use lightsabers and the Force early on. No release date, and no word on console releases.
We also happened to see the name printed on t-shirts worn by BioWare's Ray Muzyka and Greg Zeschuk. Meanwhile, the official press conference is about to begin. Here's hoping the game has better luck than Star Wars Galaxies!
Gallery: Star Wars: The Old Republic