KOTOR 3 Starts... NOW

Lucas Arts is engaged in a press conference at this very moment, where they are going to reveal the new project they've been working on all this time with BioWare. So we're just waiting on official, official declarations that this is KOTOR 3, MMORPG style. I'm following a live blog of the event over at 1up.com, where "KOTOR 3" has already been used to describe the project twice, as far as I can decipher from Scooter's report.

More when it's really official, official - hopefully with trailers!