If Dangerous does arrive then, it will have been almost three decades since Elite left its indelible mark on gaming back in 1984. Two true sequels were released: Frontier: Elite in 1993 and Frontier: First Encounters in 1995. Braben has headed Frontier Developments since then, a studio more recently known for Kinectimals and LostWinds.
As Braben notes on the Kickstarter page, Frontier diced with trying to make the fourth Elite game, including developing it as a MMO back in 2000. It's been on the backburner at the British studio for a few years now, but going by the six figures raised in a matter of hours it's likely Elite: Dangerous marks the return of one of gaming's most venerable names.