Unconfirmed: BioWare Mythic Working on Ultima IV Remake

Rumors of an Ultima IV remake at the hands of BioWare Mythic's Paul Barnett came to the fore when EA Louse mentioned it, as Barnett's "little secret project web Ultima game". For a refresher course, go to Ultima Aiera. The same fansite has today noticed a tweet from Barnett, in which he states that he is presenting "my secret project" to the BioWare heads tomorrow (today now).
This tweet by Paul Barnett almost certainly refers to the Ultima project that BioWare Mythic has been working on for the last few months. And by (the Ultima project), I am referring to the browser-based remake of Ultima 4.
Anyhow.it is being presented to BioWare's (Dr. Ray) (BioWare CEO Ray Muzyka) today:
Dr ray of bioware plays my secret project tomorrow, pray to the 8 gods!
Thanks RPGWatch.