While the Might and Magic name has seen continued releases through the Heroes of Might and Magic strategy line and Clash of Heroes, the main role-playing series hasn't seen a release since 2002's M&M IX. After consulting our Roman Numerals handbook, we reckon the image heavily points towards M&M X and a reveal at this weekend's PAX East.
After original M&M publisher 3DO went bankrupt in 2003, new license holder Ubisoft said M&M X was unlikely to ever happen because of branding choices. However, an unofficial open-source M&M X project emerged last year, and is still in development.
While it's never 100 percent safe to assume anything, the most damning evidence of all for M&M X's upcoming announcement is Ubisoft's own tweet, which includes an unfortunately failed attempt to hashtag the game - gotta watch out for those ampersands.