In a nut shell, kind of. This is Brad McQuaid's project, along with a good group of developers responsible for...." EverQuest, Vanguard: Saga of Heroes, Star Wars: Galaxies, Ally & Conquer, Jimmy Neutron: Boy Genius, Spyro: The Eternal Night, Spyro: A New Beginning, King Arthur, Star Wars: The Clone Wars, The Creed and more." Here is a list of developer on the project.....Visionary Realms INC.
This is not Daybreak, or SOE, he doesnt have license to use Norrath.So they created a whole new IP and lore. The idea of the game is to create a challenging Modern MMO with old school rules. The main focus is grouping in game and creating social communities in game. There will be naked corpse runs, slower leveling, challenging dungeons and bosses. They are also adding new things such as environments...like underwater, toxic gas, or a cave that near the back may lack oxygen, so there will be environment spells and gear that can prepare you a little bit. Even though they are putting a old school spin on things it is to be modernize so it wont be as punishing as older games. The idea is to jump in as a casual or a hard core and build online communities of friends like the older games did...no matter how much time you have to play. You want a game that is challenging but if you only have a little time to play you still want to feel that you achieved something.
That being said this is the true spiritual successor of EQ with better graphics...Here is the link to the web site where you can see the classes and races Pantheon: Rise of the Fallen
Here is another video about the world building for the game...
I started in MMOs in Eq1 around the time of LDoN. So this hits all my sentimental/nostalgia buttons. Gonna be keeping an eye on it. Gosh, there are so many games coming out that I wanna play (AoC, CoE, CU, and now this....). Do they have a release date yet?