There are rumors circulating based on a job announcement and a couple of registered domains regarding a new Might & Magic game. It's being developed by Ubisoft Shanghai, may have the word "Fates" in its title, and may be an open-world RPG.
I want to remain optimistic and believe in the best outcome due to my sincere love of the franchise but I can't. Ubisoft managed to turn the technocratic fantasy world of Might & Magic into the generic faceless fantasy with dragon gods and shit, and the whole franchise barely kept aloft by the sheer enthusiasm of the developers that had managed to make good games in spite of a lack of financing and strict deadlines.
This month, Heroes 6 looses all of its online features due to the Ubisoft pulling the plug on the game's servers. The thing is that it will render the game's campaign barely playable cause, you know, interconnecting single player with online features is always a genius idea.
So I don't know, I feel that if the rumors are indeed true, it won't be anything more than just a quick underbudgeted game to keep the rights on the franchise. Hope to be wrong, but it's Ubisoft we're dealing with...
If it DOES end up existing I hope they at least care enough to include a "Congratulations On Winning, Feel Free To Print Out A Screenshot Of The Congratulations Screen" message like they did in M&MVIII