According to Burger Becky Heineman, one of the key programmers of the original series, "I offered to be involved, my offer was declined. Pity. However, Olde Skuul .is working on our own dungeon crawler called "Dragons of the Rip" and it's involving the actual team who did Bard's Tale III and Dragon Wars. So, do you want a game by someone who financed Bard's Tale, or by the people who actually MADE Bard's Tale III?"
After reading that, I'm not sure how anyone can actually support this.