I prefer it if Bioware did it cuz they did an awesome job with KOTOR 1 but Obsidian did a lousy job with KOTOR 2. They deleted a lot of content and they even rushed this game making it a little frustrating to play it. one of the downside to this game is that it takes time for you to get your lightsaber.
Get your facts straight newb...
That wasn't Obsidian's fault it was Lucasarts for rushing it out the door, otherwise we'd of had a complete game rather than a half-finished, rough completion. Even then, the game is still pretty good
So are the rumors true? Is KOTOR III going out soon?
Nothing officially announced that I know of.