For those of you that know Obsidian Entertainment (KOTOR2, NWN2, FO:NV, etc) they're currently working on a new IP together with Red Eagle: The Wheel of Time! Now, I don't know how many of you are reading the novels but simply put they're epic. Amazing. Fantastico! Easily one of the best (albeit streched out) series of all time. If you haven't already I highly recommend you give the books a try. There will be a few novels that test your patience (ugggh Egwene), but overall Robert Jordan's world is easily one of the deepest and most exciting that I've seen.
Although we know next to nothing about the game, current speculation has it that the game will be set in either the Trolloc Wars or the Age of Legends. Thoughts? Theories? The only thing we think we know for sure will be that it will be multiplatform (PS3, 360 and PC). I'm currently hoping for the Trolloc Wars, though I wonder how things will work with male channelers. I'm looking forward to seeing what setting they choose.
For now, here is an article you can read: clicky click.
I'll try updating this thread as more information is released, but I doubt we'll get any news for a long while yet.