Square Enix, Obsidian Bringing Dungeon Siege 3 To Consoles

Today, Square Enix announced that it would be publishing the latest installment in the Dungeon Siege franchise. This deal is probably the result of Square's partnership with series' developer Gas Powered Games, which saw the release of Supreme Commander 2 last March. However, while Gas Powered Games founder and original Dungeon Siege designer Chris Taylor will be overseeing this latest installment in the franchise, his company will not be handling the development of the the game. Instead, Square Enix has given developer duties to Obsidian Entertainment, the company behind Alpha Protocol and the currently-in-development Fallout: New Vegas. 
  

Not only will Obsidian be responsible for maintaining and improving the mechanics that defined the original game (its well-designed UI, fast-paced action, and mountains of loot) but also for bringing the series to the Xbox 360 and Playstation 3, in addition to the PC. This will mark the first console releases for the Dungeon Siege franchise. No doubt this was another reason Square Enix sought out Obsidian for the game's development, which has more experience developing console games than Gas Powered Games.
 
Between Knights of the Old Republic II, Neverwinter Nights 2, Fallout: New Vegas, and now Dungeon Siege 3, Obsidian has further cemented its reputation as de facto RPG developer of sequels to other developers' franchises. It's a weird legacy for a company, especially in the context of how many more developers recently are seeking out development deals that allow them to control their original game IPs. To see a company that can handle being handed so many different beloved franchises--and can create a successful game inside of that established world--is a rarity.    
 
Here are the first few screenshots of the game:
        

    

We'll see how this new Dungeon Siege game pans out; there's no firm information about a release date, but with Obsidian still finishing up Fallout: New Vegas, I imagine it's a pretty safe bet we won't see DS3 until next year at the least.  What do you folks want to see from this latest Dungeon Siege game? Do you think this game's announcement is designed to take advantage of the excitement surrounding Diablo III? And, most importantly, is the movie canon?