Beamdog's Beamblog has a new year update from the developer discussing plans for 2015 (thanks rpg codex via Gamer's Hell). They mention two games with codenames, Adventure Y and Project: Beartrap (noting that "Project Z" sounds boring), while also touching on the possibility of eventually developing Baldur's Gate III. Word is that Project: Beartrap "might involve sharks," but they have no concrete plans yet for Baldur's Gate III or any D&D 5th Edition projects. As for Project Y, they expand upon what they say were previous indications that this is an all-new Infinity Engine game which will bridge the gap between Baldur's Gate and Baldur's Gate II. They point the way to these screenshots from Project Y, saying they were "leaked" (we'll just call that a Vizzini). Here's the deal:

With the new year upon us, we’ve been planning out our projects for the next twelve months. Here’s a sneak peek of what Beamdog is up to in 2015.

Adventure Y
This year, the eagerly anticipated Adventure Y will finally navigate the dark underground caverns of development and venture out into the Sword Coast. We’ve mentioned before that Adventure Y will be an addition to the Baldur’s Gate line using the Infinity engine, bridging the gap between Baldur’s Gate: Enhanced Edition and Baldur’s Gate II: Enhanced Edition. Keep an eye on the Beamblog in late spring for announcements regarding the content and release date of Adventure Y. We have an exciting release planned for this game, something bigger than we’ve ever done before. If you’re looking for more information on Adventure Y, check out these pictures which were mysteriously leaked to the forums.

Adventure... Z?
By late summer we should be ready to talk about our next project after Adventure Y. “Adventure Z” sounds boring, so let’s call it Project: Beartrap. Right now all we can say about Project: Beartrap is that it exists and it’s a departure for us in terms of what we’ve done in the past. Also, the project might involve sharks. Maybe we should call it Project: Sharktrap? Either way, we’re looking forward to giving you more details mid-year.

Fifth Edition
We got a lot of questions about Dungeons & Dragons fifth edition and a potential Baldur’s Gate III on our reddit AMA. We’d be lying if we said we never think about doing a Baldur’s Gate III game, so we won’t say that. But we will say there’s nothing in the works yet regarding BGIII or a 5th edition game. That doesn’t mean the opportunity will never arise, though, so we’re preparing by starting a tabletop 5th edition Dungeons & Dragons game here in the office. Amber, aka the BeamBard, is our first sacrificial DM in running an office campaign. Expect future Beamblog posts on how she ruthlessly murderized all our lovingly created characters.
More project details and release information will be announced on the Beamblog as the year progresses, so check back often. You can also share your thoughts on the forums or follow us @Beamdoginc.. Wishing you all the best in 2015!