Star Wars: The Old Republic takes place 300 years after the first KOTOR II, which puts it about 3,500 years before the film. You can choose between two factions, the Galactic Republic or the re-energized Sith Empire. You can also align yourself as a Dark or Light Side character in either situation. Two classes have been revealed: Jedi and Sith, both of which can use lightsabers and the Force early on. No release date, and no word on console releases though it does seem as though the idea is being bounced around so be sure to stay tuned for details.