http://www.gamesas.com/topic/1354645-wasteland-2-forthcoming/
http://www.kickstarter.com/projects/inxile/wasteland-2
Wasteland 2 is the direct sequel to the first ever post-apocalyptic computer RPG. The original Wasteland was the inspiration for the FALLOUT series of games, and the first RPG to allow players to split parties for tactical considerations, to face players with moral choices, and to make them deal with the consequences of their actions. It was the first to provide far more than the one-key-for-one-lock style of puzzle solving. It was groundbreaking, which is why IGN named it one of the top 25 PC games of all time, Computer Gaming World named it the Adventure Game of the year in 1988, and it was short-listed for inclusion in the Smithsonian Institution’s current “Art of the Computer Game” exhibition.
$15 gets you get the game when it's done. It is now also possible to donate to the project http://wasteland.inxile-entertainment.com/pledge.php.
Latest news is that if the project reaches $2.1 million, some Obsidian devs including Chris Avellone will be joining the project for design and writing (http://www.kickstarter.com/projects/inxile/wasteland-2/posts/199078). So here's your chance for a true old school Fallout-like game.

http://www.youtube.com/watch?v=hk-baSDDJ14&feature=player_embedded Funny video.
http://ruinedkingdoms.com/wasteland2/
Very nice.