It looks like this could be Obsidian Entertainment's second game to be funded through the Kickstarter model (they were actually hired to develop Wasteland 2 via Kickstarter).
If anyone can make a good RPG, it's Obsidian Entertainment. Sure, their RPGs tend to be buggy and unpolished, but story, character development and the amount of choice you get is always phenomenal.
Project Eternity is apparently going back to the roots of CRPGs and it's going to be a tactical real-time game with a pause system (like Baldur's Gate and Icewind Dale). Apparently, OE started the project on Kickstarter because like a lot of other genres (e.g. point 'n' click adventure games), you would get laughed at if you pitched the idea to a publisher nowadays. They've already met their target but hey I've already pledged my support to the project, and if you're into old-school RPGs, I believe you should too.
Why is this game going to be awesome?
- Pays homage to the great Infinity Engine games of years past: Baldur's Gate, Icewind Dale and Planescape Torment
- Promises to have memorable characters, extensive dialogue choices and mature themes.
- OE was founded by ex-Black Isle veterans. These guys created classic RPGs such as Baldur's Gate, Icewind Dale, Planescape Torment and even the first two Fallout games
- Will be available as a DRM-free option off Good Old Games (GOG)