I knew this would be a reboot ever since that Aftermath expansion ending. This looks more to be a hard reboot than anything, considering this game will have completely different taste on the characters, and that Shang Tsung is really young. Odds are Liu Kang went 500 years back into the past. There isn't a conquest mode from what was showing in Max's video, so hopefully they'll have other bonus content.
You are correct though. This is the third time the series has rebooted now. Deadly Alliance was a sort of soft reboot by killing Liu Kang. Then MK9 acted as a hard reboot ignoring everything that happened in Deception and Armageddon. I appreciate the efforts another round, but pick a timeline and stick to it. Because what are they going to call the sequel? MKII? You already used that trick with MK11. It just makes a conversation all the more confusing. Which MK are you talking about? The original, the reboot, or the other reboot?