Developed by Obsidian Software, which is a bunch of the old Black Isle crew.
It’s set 5 years after KOTOR1, and it involves the Sith spreading over the galaxy, and apparently a continuation of the Revan saga, though you won’t be playing that major part as before.
It’s based on the KOTOR engine with significant frame rate improvements, but it looks like nothing compared to BioWare’s own Jade Empire.
It wouldn’t surprise me if Bastila showed her pretty face somewhere, too.