Honestly, I don't care either way about Ubisoft - what I care is where Might and Magic ends up, specifically RPG part of IP.
They've been sitting on it for 22 years, ever since they've bought, with one game that, while quite descent for its very limited budget, was barely an effort to make something that compares to M&M's heyday in 90s - and party based, first person openworld RPG romps are hard to find in modern times.