Ultima Online Sequel In Development?

From the rumor department comes this Slashdot Games article suggesting that Ultima Online X, a sequel to the MMORPG patriarch, is in development using the Unreal Warfare Engine.  Normally, I'd disregard this as so many rumors tossed to the wind, but we received some interesting confirmation on this story in our e-mail box this morning.  A reliable source, who prefers to remain anonymous, confirms with us from first hand experience that this rumor is true.  It looks like fans of Ultima Online have something new to look forward to. 

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