http://www.gamespot.com/articles/next-gen-call-of-cthulhu-in-development/1100-6417221/
I would have posted in the "Call Of Cthullu" forums but nobody's been there for 2 years.
I remember the one made by Headfirst Productions and published by Bethesda was an awesome game when it released in 2005. So different to anything else out there at the time.
I take it this new one has nothing to do with Bethesda?
Frogware have made some games with decent puzzles but are unlikely to win any beauty pageants.
I guess the licensing must be a temporary thing... or do you even need a license because of how old it is?