Issues with the game engine and source code and the like pale into insignificance compared to freeing the IP from NCSoft...
Imagine WORLD OF HEROES as a FRANCHISE.
Agreed. I would imagine that Team Hail Mary and those that are in the "know" have suspected this, and while I appreciate that everyone really just wants to play CoH again (lord knows I do), I think if they are able to get the IP that is a far, far, greater coup than just getting the game up and running.
As I mentioned in an earlier post, depending on how much CoT, Valiance, H&V, and who knows who else are willing to work together, this could be a really unprecedented opportunity to create something more than just a single game, but for all of us to be able to participate in (and perhaps create) stories set in the City of Heroes 'verse.
I think it could be a really amazingly wonderful thing if they are able to get this going and set up.