Nargott
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I wouldn't call them competing yet, as MMH5.5 and HoMM5.5 WGE are currently in different stages of development. In WGE, the focus is primarily on the duel mode (and it is playable now), while in MMH, all changes are aimed in the opposite direction, towards the standard format, playing on a map. The only thing that competes here is the number 5.5.