The problem with that is that there will, most likely never be 'big news' again regarding UO.
Its playerbase is, yes, dwindling... as it has for years, but I fear we are now hitting that area where it is severely noticeable (ie houses fall, large houses even, and nothing comes up in its place... centers of community activity scarcely populated during peak hours). The UO gang is pretty much a bare bones skeleton crew at this point, and I'm guessing the budget is pretty low.
To really pull off something huge they'd need to backing of BiowareMythic, but it doesn't seem interested much in doing that. Heck, every game I know uses sites like mmorpg.com to advertise patches, changes, etc. I have seen... maybe one post for UO, and that was for the Returners or whatever. Looking back, even THAT was packaged with WAR and DAoC.
The dev team seemingly has their hands tied. They've made some fairly smart choices in recent years. The EM program continues to provide ongoing in game storylines and interaction. Mesanna does a LOT of involvement in game with the community.
But, beyond that...? Not a whole lot. We've still got a severe lack of communication (poor Oceania and Cal not telling them about the server issues, things on uogamecodes that are not advertised on the herald for days after they are released, CS issues up the hoo ha). An art team that is...
lacking in talent I think is the most kind way to put it. A producer who seemingly runs things by the seat of his pants and doesn't know much about UO the game or what its players want. An aging client and a runner up client that isn't much better still carries a host of issues (and has been all but ignored by the UO team regarding development).
I mean, UO definitely needs a set direction to follow and solid goals. They need a leader with a vision of what they want it to be. They need the money to finance a better game.
They definitely need a new art team.
I mean, we all hope. I've been hoping for years. And you pray and pray they 'get it'. But we've got to have some changes from the top to realize that UO still has a ton of potential beyond just a niche market'. They need to understand it could be SO. MUCH. MORE. And they shouldn't be okay with their little market share.