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Ubisoft simply took on a task that wasn't their forte. They could have just supported NWC, and they would have created a sequel to the series. Moreover, work was already underway in that direction.
Instead, Ubisoft decided to simply cash in on the Might and Magic brand. They handed over the development of the sequel to little-known companies (Nival is a lesser example). They cut costs on development. No one is creating their own engine for either Heroes or Might and Magic. No new ideas are being introduced. They are simply piecing together a game from whatever is at hand. The game will fail, in my opinion, simply because there is no freshness. Modernizing the third installment would be foolish. It has run its course.
As a result, the game will recoup its development costs. Of course, given such low costs. But you can say goodbye to the beloved series.
However, all the criticism will be directed at Nival, not Ubisoft. And it's a pity for Nival. They are, after all, one of ours. They just don't know how to make games in this genre, but Ubisoft shouldn't have abandoned them like this.
That's just my opinion, and you can't argue with it.
P.S. If you're interested in DM, see the corresponding section. I've posted what I found there. It's currently in English.