Well if EA has zero interest in it, I don't see why he's wasting time. He can easily create a new IP that's a *wink wink* hommage to Ultima but would be a new series entirely. It could have all new original characters like Lord English and Lord Whitethorne, et al. I'm sure if it had the same scope and quality of the previous games people would buy them no problem.
"We choose the right to be who we are. We know the difference between the reality of freedom and the illusion of freedom."