They think its Fable because the Studio employs former lionhead staff and 22 cans staff (Molyneuxs studio) which is a tenuous link IMO.
It might have made sense to hire them to finish Legends a year ago (MS did this with Robot Entertainment to look after Halo Wars when Ensemble closed) but if that were the case they would have stated at the time to minimise fallout and the game would have released.
I really doubt this is a Fable game, if it is based on an existing IP its probably something like that Halo Megablox game.
I hope you're right man because that job listing for third person action game not so long ago from Studio Gobo sounded interesting to me. Like a new IP that I was hoping for and is what MS really needs. But yeah you're right, closing Lionhead only to have former Lionhead people work on it again via Gobo is just odd.
Also it doesn't seem Gobo has really made a whole lot of things so I would wonder why MS has faith that this developer can make it better than Lionhead itself.
Look i was cheering for Fable Legends because the last built made the game so good.
Graphics was impressive and the presentation was tops.
I say go for it because that was one title I was looking forward to play.
Fable 4 SP is just a waste of time and money.
Unless they put a SP and then added Legends then I will be okay with that.
They could use these assets and make it a SP game. Looking on all kinds of forums ever since the cancelation of Legends it became clear to me how much people want a proper Fable 4. Of course it remains to be seen how many people actually buy it when it comes out, but still.
I say use everything from Legends, so the character models, the game world, the combat, although do flesh that out a bit and build more environments, add quests. Look at games like Witcher 3 for inspiration. However the more easy, safe and understandable way is by making it Legends instead. At the same time not understandable at all because why close a studio completely for that?