Rumors are aplenty as Lucas Arts and Bioware Corp. announced the development of a ground-breaking interactive entertainment product. Today Lucas Arts and Bioware Corp. launched the website www.lucasartsbioware.com creating many questions for the future of this collaberation.

“LucasArts has a deep commitment to developing compelling stories and characters for the unique medium of interactive entertainment, and we have been searching for a developer that shares this value. We found this in BioWare,” said Jim Ward, president of LucasArts. “Through our previous collaborations, we know that BioWare has an impressive ability to blend gripping stories with technological advancements, and we believe that our upcoming product will deliver an experience that will span the traditional boundaries of video game entertainment.”

With Lucas Arts highest grossing games almost exclusively from the Star Warsseries, rumors are flying that this new development could be a MMO set in the Star Wars universe and if so specifically a follow-up to Knights of the Old Republic. While praise was showered back and forth from Lucas Arts and Bioware executives, there were no specific details leaving gamers to speculate on the future of this joint venture.

“BioWare’s mission is to deliver the best story and character-driven games in the world, delivering powerful emotional experiences to our fans.” said Ray Muzyka, chief executive officer, BioWare Corp. Added Greg Zeschuk, president of BioWare Corp., “The collaboration with LucasArts allows us to combine our passion for creating high quality and innovative experiences with those of a company dedicated to bringing only the finest games to market.