But there's rumors of Bioware farming out the dev of KOTOR2 to an outside party. I hope that doesn't happen, as they really seemed to nail the original.
Yeah, Obsidian Entertainment is developing it. Given that OE is made up of the former-Black Isle Devs that made Planescape: Torment I'm not too concerned. On the otherhand Troika's founding members played a big part in Fallout and they still have yet to make a good game.