I assume you know that 3DO went down the tubes, and Ubisoft bought a rights to the games and names.Ubisoft put out a game called Dark Messiah of Might & Magic, which from reports was a shoot-em-up with a few elements of RPG grafted on - a good enough game in its way, I gather, but not a true RPG. There's been no sign of any MM10 as such, and quite frankly, I'm not holding my breath.
There's a fan-based game, the Might & Magic Tribute, that's slowly being put together, but it's going to be quite some time before anything comes of it. We'll have to be patient.
Anyway, tell us what your news is!