Crowfall is a very newly announced project, headed by: J. Todd Coleman, the Creative Director of Shadowbane, Wizard101 and Pirate101and Gordon Walton, the Executive Producer of Ultima Online, Star Wars Galaxies, and Star Wars: the Old Republic.
Not much information exists yet, but here's a few snippets courtesy of their forums, links to the newsposts just below the images.
Character Creation:
Spoiler:
Server Architecture and Economy/Crafting hints:
Spoiler:
Also, here is a fairly useless (as of now) DevTracker, if you care.
UPDATE FEB 24th: Kickstart the game here, if that's your bag.
So yeah! Who knows. I'm cautiously optimistic.