Oh sweet holy bananas, YES! King Arthur was one of those games few people heard of but it was bloody brilliant. Sure, rough around the edges, but it had the balls to do what a lot of us had been asking for ages - Fantasy:Total War! And mixed in just the right amount of RPG elements. Heck, it even mixed in a touch of text adventure and it was awesome. Familiar, yet fresh and original.
If they can iron out the rough spots from the original while building on the foundation they already have, the result will be glorious.