That BioWare and LucasArts MMORPG announcement thing is going right now. It’s official and it’ll be called Star Wars: The Old Republic. 1UP has the entire live blog if you’re keen on the finer details, but if you’d like high level details: I’ve got you covered.

• Takes place 3500 years before the movie and 300 years after KOTOR 1&2
• They were “only talking PC today”
• There will be companion characters
• Wants to use an art style which will work with a wide range of PC hardware
• No release date announced
• Open beta at some point

If you’re looking for some early screenshots and artwork, take a gander below:

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There will be a press event held tomorrow at 5:00 PM EST. What about? Star Wars: Knights of the Old Republic. LucasArts and BioWare are holding the event. Will it be KOTOR III or will it be the KOTOR MMO? I don’t know.

1UP will know the answer though, so keep your eye on 1UP.com.

Are you excited? I’m not…

LucasArts has two internally developed games for “next-gen” consoles in 2008. There was Star Wars: The Force Unleashed, which I wasn’t very fond of, and Fracture. I’m sure this isn’t earth shattering, but I’m not fond of Fracture either. Today, the 700+ MB demo debuted on both PlayStation Network and Xbox Live! Marketplace today and I spent some time checking out the game’s terrain deformation. My findings? Both The Force Unleashed and Fracture share very similar faults.

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Those of you who care for BioWare’s Star Wars: Knights of the Old Republic may be pleased to know that an MMO spin off of KOTOR is coming. I can’t say I’m excited for two reasons:

1. I never played KOTOR
2. I not a fan of MMORPGs.

No further details were divulged.