Baldur's Gate 3 was project Jefferson, now on indefinate hold. The only way IPLY could publish a FR DnD game was if it was under the Icewind Dale or Baldur's Gate Franchise. The following was confirmed about Project Jefferson: it was 3rd Ed DnD and it took place in the Forgotten Realms (most likely the Dalelands). Shortly after IPLY lost the Baldur's Gate License, it was announced on the Black Isle Forums that Project Jefferson was on indefinate hold. Given that information it is very safe to assume that Jefferson was BG3.
Jefferson sounded like a far superior game to the Baldur's Gates so I wouldn't exactly call it a franchise whore. In all likelyhood it would have put Bioware to shame (not hard considering how dismal NWN was). Oh well, at least we've got Fallout 3 coming.
This comment was edited on Aug 6, 19:18.