The gullible fools on r/Tribes truly believe this is a second wind for the game. I look forward to a renewed round of shock and surprise when the game is inevitably abandoned again in the near future.
Here's my run down as many people know my handle etc.
There's only a few directions the game series will go in now, IMO.
One being adapting to the game style that this "Tribes esque" title Midair by Archetype Studios is taking (t2/ fallen empire legions/ta hybrid).
The other being that HiRez Studios in response to this either rips off the Midair dev teams game physics and gameplay as both games will be made on unreal engine, the other being that HiRez actually releases game updates that get more traction and interest than MidAir's new game.
The last highly unlikely scenario is that a 3rd party arrives on scene and decides to remake Tribes 1 with better graphics and open modding like so many people crave.
All together all of these possibilities seem really polarizing and drama filled.
Obviously I hope the game direction of T:A becomes more competition E-Sports oriented. And as I think Starsiege: Tribes 1 is the highest skill level community in the Tribes series (similar to the CPMA community in quake 3) I truly hope they make T:A more like that.
Recently there seems to be a trend in the Arena-FPS community of remaking some of the more skill requiring and challenging games that came out around 1998. The best example of that recently is Reflex FPS a high graphics remake of the Quake 3 mod CPMA. It straight up kicks ass. I hope this trend spreads in gaming and we get to see more high skilled FPS gameplay beyond just the counter strike and vanilla quake games.