1. It's obviosly not a Divinity: Fallen Heroes, which by Larian's reports, has been almost finished and still has it's trailer on company official youtube channel. So why not to updated and realease Fallen Heroes, instead of developing a new game? Isn't that would be cheaper and faster to satisfy fans and make some quick cash?
They weren't even the ones making Fallen Heroes to begin with. It was an external studio (the creators of the "Expedition" series, I think).
Incidentally, I heard that they aren't into game development anymore after releasing Expedition Rome.
So we heard. At first, there were news about how they want to concentrate on BG3 development, so D:FH was delayed and some time later it's got a cancellation/indefinite hiatus/Winds of Winter etc. stuff. Still, someone would think, considering that Larian paid for outsourcing, so the least they would wanted, is to finished the product and recuperate the losses. But, oh well, it's old news now.
I'm looking forward to play this new Divinity game. Hoping, that Larian will drop more news soon and it will not have Cyberpunk 2077's 9 year development cycle.