[Bad Mr. Frosty]

But there is hope.

Sirtech is basically over, they are cash strapped so they might be willing to sell the wizardry license to another company.

They already did it for the PS2 game of wizardy.
So that says they are willing to sell lease out the name.
Maybe even the story line too. Since the console version is a whole different story.

Maybe some of the old wizardry programmers can go over and help in the design.
Shoot they could at least get some of the designers of old interplay games like Dragon Wars.
That and the first wizardry are my favorite games of all time.
It was programmed by William Heineman, someone needs to give this guy a job.

Here is a description of the game by mobygames website.

Dragon Wars takes place in the magical land of Dilmun, an island of salvation perverted into a world of horror by Namtar (as you might expect - the bad guy).
You start with a party of four in the city of Purgatory, equipped with nothing more than.. well - nothing.
Worst of all your magic users won't help you out, either, because magic has been banned (to correct this unpleasing situation is one of your main objectives).
Other main targets are surviving, getting out of Purgatory and toppling Namtar (maybe getting some decent clothing, one or two shiny swords and the like on your way out).

Gameplay instantly reminds of the Bard's Tale-Series. Step-by-step first person 3D, opponents materialize out of the air. The combat system is turn based.

Unlike its (spiritual?) predecessors the game features a full-blown skill system, auto-mapping and many places to actually use all these abilities.
Reasonable distribution of your skill points is rather critical.

This game has a good story line all the way through.
It even hits on our worlds philosophy, religion, history, and literature.
That is a game the should be redone by someone.
Or how bout someone taking the whole wizardry mythos and turning it into one great epic storyline for a game.
Your party would go from the days or the mad overlord to the days of the dark savant.
One party for all time.
A party of brave adventurers who travel thorugh time and space.
Maybe they were cryogenically frozen after WIZ 5.
Man someone could have a field day trying to tie up the whole wizardry existance into one real history.

Now that would be EPIC.