The original Baldur's Gate 3, called "Baldur's Gate 3: The Black Hound" which got cancelled years ago, would have had absolutely nothing to do with the first two Baldur's Gate games either. On top of that, that game was going to be set far away from Baldur's Gate, in the Dalelands. At least this new Baldur's Gate 3 will be set in the city Baldur's Gate, unlike the original which would have been set in the lands Myth Drannor is located.
Ah but the very creator of that game, Josh Sawyer, has very recently tweeted that he adamently opposed naming the game Baldur's Gate 3, and wanted it named just The Black Hound. But the publisher Interplay insisted that it be named BG3 to benefit their marketing of the game.
