Remember that origanally, Oddworld was really a puzzle game. Yes, you had guns, story, characters, and enemys, but at heart you also had a grid based movment system, gameplay that involves planning your every move, and other puzzle based aspects.
It has evolved along with the games, but I really can't see Oddworld fitting well into the Online genre.
You have to think about what genre this game would be- adventure a la WoW? Because level grinding and kitting out characters with Wand of +5 to Uglyness sounds neither fun or.. Odd.
Shooter? Okay, that COULD work. I like the Battlefield idea somone had above, where you would have the tree huggers and the industrialists, but remember that the market is currently flooded with top-quality Online Shooters at the moment, and a game such as Oddwold would likey ge lost in the mix. It would have to do somthing very differant to get noticed.
RTS- now this I like. It fits in with the straigic element to Oddworld that forced you to think about your actions. Again, it would have to be done very well, but I would totally dig Hand Of Odd Online. Make it happen, OWI!!!
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