Unfortunately, EA still holds the rights. The new mmo-ish game that Garriet made is one I have not really dived into yet
It was really about Garriott exploring innovative ways in how to translate the tabletop RPG experience into a computer game. You don't need an Avatar or Britannia to pursue ideas like Ultima 4's virtue system or Ultima 7's interactivity.
this is Wizardry III erasure.
(i'm a bit older and solidly GenX)