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Accordingly, you can also find out that the developers are Arkane Studios and Floodgate Entertainment. And from the videos, it is clear that M&M9 was used as a basis. Which personally doesn't please me. I didn't find any other information. Here is information from the developers' website. There is no translation, though.
UBISOFT ANNOUNCES DARK MESSIAH™ OF MIGHT & MAGIC® New Might & Magic® game to be powered by Source™ Engine from Valve SAN FRANCISCO – AUGUST 4, 2005 – Today Ubisoft, one of the world’s largest video game publishers, announces the development of Dark Messiah™ of Might & Magic®, a new first-person action game for the PC, powered by an enhanced version of the Source™ Engine, the award-winning game technology Valve created to power Half-Life®2. Developed by Arkane Studios, the team behind the critically acclaimed Arx Fatalis game, Dark Messiah of Might & Magic puts players in a first-person perspective, allowing them to immerse themselves in the legendary Might and Magic universe as never before. It is also the world’s first fantasy action game to feature a complete first-person combat system. It takes full advantage of the Source™ Engine’s exceptional technological enhancements in areas such as character animation, advanced AI, real-world physics and shader-based rendering. Ubisoft acquired the Might and Magic brand in 2003, and Dark Messiah of Might & Magic is the second title Ubisoft will be launching as it restores this famed franchise to glory. Dark Messiah of Might & Magic is scheduled for a summer 2006 release and will be shown for the first time at the Games Convention in Germany on August 17, 2005.
From what I understand, it will be a kind of mix of 3D Action and RPG. Personally, I don't like this approach. I would prefer a proper RPG like M&M7 (one of the best games in the series). :) This means that the RPG aspect will be minimized. In other words, the new game is something like Jedi Knight and System Shock. And apparently, only one hero will be available, not a group as before. Arkane Studios website http://www.arkane-studios.com/ If anyone can open videos other than the first one, please let me know what's in them