RPG based on Might and Magic.

This seems to be another piece from what Caningham was developing, which they finished (without fully fleshing it out) and released. At the same time, they stretched it and added their own schizophrenic ideas...

Quite possible :) In my opinion, Caningham tried to fill in such gaps as Alamar, who didn't age in 70 years. Fortunately, he had very few such gaps (mostly amusing situations, like different characters but with the same names (2 Crag Hack, 2 Sandro, and 2 Etric), but these aren't inconsistencies). But I disagree with you about Axeoth. Of course, the 3DO developers embellished many things. But it fit with Caningham and Gravell's (the author of the books that first introduced Axeoth) ideas. By the way, in the action series (Crusaders, Warriors, Shifters), 3DO correctly used Caningham's ideas, which were laid down in Crusaders. I suggest the following options for the setting: 1. Axeoth after the events of Heroes 4 with the add-ons and Heroes 9 (but following the NWC style as much as possible). 2. Enroth, where the Reckoning didn't happen (there are many options for developing the plot). 3. Enroth without the Reckoning, but also without the Chronicles. 4. Identical to point 1, but without the Chronicles. 5. Enroth after the Reckoning. 6. Xeen (again, there are many options for the plot) and some other of the above-mentioned worlds. Added 2 minutes ago

And regarding "Project Renaissance": I'm sure that we shouldn't connect it with Axeoth or Ashan at all, but rather find a way to excuse the cataclysm and continue developing Enroth, Jadame, and Antagarich. Fortunately, there are enough fantasizers. And we can base it on the future (hopefully) RPG based on Might and Magic. What do you think?

I agree with you, although Axeoth is not hopeless yet. I am the main plot creator in Renaissance, but Enroth without the Reckoning and ideally without the Chronicles is my dream (on the scale of the company and the internet).