Tim Cain is one the three major people at Trokia that worked on ToEE. He is working on a new game in a similar style. It was funded by the Kickstarter community, and received almost $4 million in funding, over three times what the game studio wanted. The game is in the vain of ToEE and Baldur's Gate. Check out the promo video, can't want to see it. http://www.kickstarter.com/projects/obsidian/project-eternity
Hey Ranth you might want to check out the "What's next after TOEE" thread. We've been discussing this game since it was first announced, myself and many other Co8'ers pledged from the beginning.