It looks like Surreal will not be be returing to thier flagship franchises(well old franchise):
If you ask,its still pains me till this day to hear they had sold the IP to Sony. Though hadn't they sold the Drakan IP to Sony,it wouldn't have got off the ground to begin with.
From IGN's The Suffering:Ties that Bind interview:
IGN: Once Ties That Bind is over, what's next for the development team? Rumors of a third Drakan title have been floating around recently, and there are a number of other Midway games that could definitely use a sequel...
Richard: There are a number of people at Surreal who would love to work on another Drakan game, but that is fairly unlikely, since that game is owned outright by Sony and we're now part of Midway. I think for the time being Surreal is going to focus on developing our own properties, which is what we've always been most successful at, and Midway has been great in that they've placed a lot of faith in us to do just that. We've got something in development right now that I can't talk about but which is a very original concept that I think will really blow people's minds.
If you ask,its still pains me till this day to hear they had sold the IP to Sony. Though hadn't they sold the Drakan IP to Sony,it wouldn't have got off the ground to begin with.