Cryptic COO Jack Emmert had this to say: "We're beyond thrilled to develop a brand new version of Neverwinter.
"It's been years since the original became a gaming icon and we're honored to work with such a great franchise.
"We've been working closely with Wizards of the Coast and R.A. Salvatore to create an authentic D&D adventure filled with compelling fiction and exciting gameplay."
Gamers will choose to become one of five classic D&D classes and team up with friends or the AI to form five-person co-op groups.
There's an "extremely user-friendly" content generation system called Forge, too.
Book one in Salvatore's Neverwinter trilogy, Gauntlgrym, will be released on 5th October this year, and "lays the groundwork for the Neverwinter storyline".
Atari's launched a website for the game, from which you can follow using Facebook and Twitter.