GameSpot came up with a very interesting rumor after spending some time on the United States Patent and Trademark Office. Here is the whole story:

"The biggest of the bites came in the form of an Ubisoft application for a trademark on the phrase "Worlds of Might and Magic" in relation to online gaming services. Filed in November, the application suggests that a massively multiplayer online role-playing game based on the Might and Magic franchise might be in the cards at the French publisher.

However, when contacted, a representative for the company said he hadn't heard of it before. In addition, the phrase has actually been trademarked since 1999, when defunct publisher 3DO first filed for it, also for use in an online game. Ubisoft is the last listed owner on that trademark, which, according to the USPTO site, is still live."

The name isn't as original as it used to be back in 2000 (for those of you who have been living under a rock, there is a game called World of Warcraft out there) and Ubisoft's previous MMO, Shadowbane, was less than stellar, but a MMO with a Might and Magic twist is certainly something I'd want to try.