KOTOR online?

I played the first Knights of the Old Republic. Though I'm not the biggest Star Wars fan, I'll admit that BioWare did a pretty good job with it. When LucasArts decided the second game should be made, BioWare was working on Jade Empire (which pretty much roundhouse kicked lots of ass), so they recommended that Obsidian Entertainment design KOTOR II. From what I've heard, it is "the best unfinished game ever made." By unfinished, I'm referring to quests that cannot be completed and doors that don't open, simply because the developers were rushed to meet a release deadline. Again, since I haven't played the game, my knowledge of it is secondhand.
Anyway, I guess there's been some rumor of an online sequel, so my buddy, who really isn't allowed out of his house much anymore (see "bitch wife" above), got kind of misty when he stumbled across this bit of internet gossip. I was just wondering if anyone here had heard anything about it.

Oh, and before anyone jumps down my throat for calling a pregnant girl a bitch, believe me, she was a controlling bitch before the whole "getting knocked up" fiasco, so this behavior is not necessarily due to pregnant lady hormones.