It seems that rumours about Obsidian Entertainment developing KOTOR 2 were true. RPGCodex and RPGDot both posted on an article from EGM which contained data about the upcoming sequel to Bioware's monsterhit Knights of the Old Republic. The article, amongst other bits, revealed that Obsidian, the company founded by ex-BISers like Feargus Urquhart and Chris Avallone, is indeed the studio assigned with this big project, and that Chris Avallone is the lead designer
Link: Obsidian Forums thread with scans of the article
EDIT: thread deleted. Here's another link
Link: Obsidian Forums thread with scans of the article
EDIT: thread deleted. Here's another link