First came Fable: The Journey. Then came that mysterious cinematic teaser trailer. Now comes a brand new game in the Fable universe titled Fable Legends. None of these became what fans really wanted one of them to become, and that is of course Fable IV. The Journey ended up being a separate disappointing Kinect title. The mysterious trailer was for the HD anniversary re-release of the original Fable with The Lost Chapters (which, to be perfectly fair, is very much exciting in its own right).

Fable Legends is…well, something else. It sounds like it’s somewhere in between Dragon Age and The Elder Scrolls Online. Continue below to find out what we do know so far, and to see the game’s first trailer.

A few days back we shared with you a video from Lionhead Studios teasing what looked like an HD makeover for their classic game, Fable, but that it could also have been teasing a full remake of the original favorite and perhaps even Fable 4.

As it turns out, however, speculation was completely and utterly useless, as Microsoft had already confirmed that a new remastered version of Fable being called Fable Anniversary was on the way for the Xbox 360. Complete with The Lost Chapters, of course. These things happen, what can I say? That internet, it’s a jungle.

As you can see by the comparison image below, the work they’re doing is absolutely phenomenal, and fans of the franchise should be more excited than they’ve been in a long time. Sure it’s a game they’ve played before, but it’s also a great game that will look better than ever.

Fans of the Fable video game series have been expecting a new game for a while now. The games have been progressively becoming less and less loved over the years, capped off by the latest entry, Fable: The Journey, a motion-controlled Kinect title that failed pretty spectacularly. But credit is due to fans of the series, who, for the most part, have remained excited about future games despite the growing list of negatives associated with the franchise, holding on to that hope that the next game could be the game to restore the franchise to its original glory.

This tiny sliver of hope grew a bit when Lionhead Studios head Peter Molyneaux—who became infamous for spitting out exciting used car salesman statements about a game that ultimately failed to deliver—departed the company for a new venture. Now Lionhead is teasing fans with a video that appears to announce either an HD re-release of the classic original Fable (including The Lost Chapters, it’s assumed) and/or Fable IV, or perhaps a remake of the original. Check out the video below and share your thoughts!

Almost anyone who follows video games will know the name Peter Molyneaux. The British video game designer and programmer founded Lionhead Studios, the creator of the massive Fable franchise, and he developed quite the reputation for over-exalting upcoming games and promising the moon and the stars even when the final product didn’t end up meeting expectations.

Whether the man just wanted to do or say whatever it took to sell a game or if he simply had a childlike passion that led to his exaggerations is not clear, but you can’t deny that when he talked about his games, he made you as excited as he seemed to be about them.

But for better or worse, Molyneaux has decided to move on to new things, announcing his departure from the Microsoft-owned Lionhead for a new company called 22 Cans.