Z is working on a new adventure, using the existing KQ engine. This is at an early stage (version 0.0.3), but it looks like it's going to be fun to play!
http://www.virtualkingdoms.net/kq-the-lost-lanerion/
This was released March 14th as a short demo. Please see Z's website for more information, screenshots, etc.
I must say, look at the page with the pictures of the StaffOfXenarum! These are awesome! You will find them here:

