It's possible MS is already making a new Perfect Dark. I don't recall how valid the rumor was. The rumor was a third-person game,.

Why Obsidian? If anything get the tech wizzes at Id Software to help the team at Initiative Games to help make the game.

MS does not decide what they make , larry and others pointed out if DB fine wants to make a new Conker game they can but MS will not decide that they should do it. I just doesn't know how a New modern PD will look like. I would be fine if is a mix of timesplitters aesthetic and funny style of story.

Okay, its called The Initiative. The 'AAAA' studio with top tier devs people speculating MS has planned PD for.

Look up the history of ID Software. They are some of the biggest players and more influential developers in the industry. Particularly for FPS genre which they made popular with DOOM. They have a good engine with Id Tech and some talented developers on the team.

I'm pretty sure they can handle a well crafted game with slower pacing. In fact, its probably the best chance they have if they even make Perfect Dark an FPS. Who knows there was recent rumours that it turn out to be a third person action game - ala Uncharted/Tomb Raider reboot.

Obsidian wouldn't be the best fit for Perfect Dark, not from the games they make. Perfect Dark is more a Metal Gear Solid/Dues Ex style game. Not sure if they have that type of experience with Stealth genres.

I rather see RARE franchise stay buried, Microsoft has squandered years and done nothing noteworthy with them as they got plenty over similar genre franchises already. They better of selling them to Nintendo (make some quick cash) who need those franchise on the system and at least we see something decent done with them.

I'm 100% convinced that The Initiative is already making a Perfect Dark reboot though. As for everyone in the thread saying that Obsidian would not be a good fit, i guess most of you guys forgot about Alpha Protocol so Obsidian would actually be a great choice to make a new Perfect Dark if they had the opportunity.
https://en.wikipedia.org/wiki/Alpha_Protocol

I've said it before at the Xbox thread, but if the Initiative isn't making PD then Arkane would be the perfect studio.

Also, to people saying Xbox should sell Rare ip's to Nintendo. It's been almost 20 years since Rare joined Xbox. Get over it.

Go play Killer Instinct than talk.