Ubisoft has announced its 2005-2006 product catalog, which mentions both Heroes of Might & Magic V and a "product with the Might & Magic brand" for the PC. However, earlier in the article it mentions that Ubisoft wants to "reinforce its presence in the strategy segment with two games under the Might & Magic brand", so we may or may not see another RPG in the franchise. After the last few games in the series, though, would we want to?