Found this on 's forum.
http://gamernode.com/news/7220-activisi ... index.html
Seems that Activision Blizzard is going to sell the Sierra branch of Vivendi and all associated studios. This would include the rights for Space Quest, King's Quest, Quest For Glory, Leisure Suit Larry, Gabriel Knight, etc. This is potentially good news, as a company like Telltale Interactive (of Bone and Sam 'n Max fame) could possibly buy the rights. This also means that the SQ7 team might be able to release their game. I hate to raise peoples' hopes without knowing anything for certain, but this is important news. Spread the word and discuss this!