If this is true then I will die happy.

Played FO1/2 I dont know how many times

At present I am loving FO3

Did read they had given ?20million to some company to get this up and going by 2012.

http://fallout.wikia.com/wiki/Project_V13

It is a long way off, I am prepared to wait and see

You know, there are about a dozen other threads about this topic already. It's pretty much old news. Besides that, in my opinion a Fallout MMO will be utterly crappy, they wouldn't be able to implement a lot of skills, particularly pacifistic ones like Speech and the SPECIAL system will have parts in it that wouldn't serve much purpose anymore, for instance Charisma.

If you think it "could work if it's done right" like a lot of people say without any explanation about what they consider "doing it right", please do tell.

Maybe but they have everything to make a kick ass PvP game.

Choose your faction :

Enclave
Brotherhood of steel
Raiders
Mutans
Vault Dwelers
Non aligned
Aliens
Tribals
Thieves/Gangs
Ubologists
Rangers
Slavers

Yeah but do we want a Fallout MMO that holds true to it's predecessors, or do we want to have a combat oriented MMO based on the Fallout world? In the last case, reference to Fallout but please don't call it Fallout, because clearly it wouldn't be Fallout

It's being made by makers of the original Fallout, so even if it ends up not being a good game, I expect some cool additions to the Fallout canon from them.

yup according a pc magazine i recently brougth interplay is busy on the fall out morp (most likely interplay's come back, i'f they are lucky)