I don't know if you've seen the announcements about this, but here are 2 relevant posts on WotC:
The announcement from Mike Mearls: http://www.wizards.com/DnD/Article.aspx?x=dnd/4ll/20120109
And some comments from Monte Cook: http://www.wizards.com/DnD/Article.aspx?x=dnd/4ll/20120116
I am interested in this. I can't imagine how a system could create balance between 3e style of character based on alternate/chosen abilities and customization and a 1e style no customization character such that they could play at the same table. The best sign, from my point of view, is that Monte Cooke is a lead designer in this. My impression has been that he brought everything I liked best to 3/3.5E, and that his prior departure from WotC had everything to do with the coming of 4E and the ways in which it greatly departed from the D&D standards.
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