By now I didn't expect this to ever actually happen. Ragnar Tørnquist, maker of the Longest Journey and Dreamfall started his own company Red Thread Games to work on Dreamfall Chapters, under license from Funcom.
http://www.develop-online.net/news/42395/Red-Thread-Games-working-on-new-Longest-Journey-title
Seems like Funcom is more interested in making MMOs, so this sounds like good idea to me. Hopefully it will be just has good as the old ones.
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