I think KOTOR III could hold a lot of potential in the right hands given technology and after seeing what can be done in combat regarding ***** Unleashed.
Really put to use the double blade lightsaber in different forms of combat. Not to mention wrap up something involving both Revan and the Exile. See some of the party members in both games make a return.
Just let Bioware either work on it or someone they trust to work on it. Or let Obsidian develop a FULL game rather a half finished game to rush out before Holiday season.
But alas, instead we are given a MMO that will fade away and just end up not being KOTOR III.