Star Wars: KotOR III to be an MMORPG?

CVG is reporting that the latest issue of EGM has word that BioWare is working on a Star Wars: Knights of the Old Republic MMORPG. They also go on to state that Dragon Age will hit the Playstation 3 and that a handheld Baldur's Gate game may be in development...
BioWare has formed a new online team to create a Star Wars: Knight of the Old Republic massively multiplayer online game, EGM reports.

No further details were reported in the rumour section of the US magazine but we've taped our fingers crossed. KOTOR is one of our favourite Star Wars games ever and the thoughts of an online MMO is, frankly, too much to take in.

The magazine also reports on a few other BioWare-related rumours. The current PC-exclusive Dragon Age is coming to PS3 and the DS currently in development at the mega-studio looks to be from the Baldur's Gate franchise. They're all rumours at the moment but we'll keep you updated with any announcements.

I realize these are just rumors, but the idea of the Knights of the Old Republic franchise migrating to an MMORPG has me very worried. I'm sure BioWare would do an excellent job with it, but I have little interest in paying a monthly fee to level grind in yet another Star Wars MMORPG. Give me another single player KotOR, please.