As an insanely large fan of the original System Shock games, I enjoyed BioShock but felt it was too watered down to the System Shock experiences of the 90s.
So when I heard that System Shock 3 could be in development, my excitement meter went into overdrive. Right now, Night Dive Studios owns the IP to System Shock, but rumor has it OtherSide Entertainment will develop System Shock 3, which would need the rights being granted by Night Dive Studios before this can happen. Right now, Night Dive Studios is working on a remake of the original System Shock.
The rumor stands with a Kickstarter campaign being kicked off as soon as Monday for System Shock 3, which would be a surprise.