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The reason they are working on a new edition is basically that 4e alienated much of the previous audience who was madly in love 3.5. Paizo used to make 3.5 supplements as a 3rd party developer long before pathfinder's "rope-playing" game books debuted. WotC is not happy that 4e sales have been in the tank since then.
As Rob said, it will be awhile before Hasbro / WotC make anything public.
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