It seems that some b-rate studio is producing a new one. I'll bet it won't be very good. Jak & Daxter was always one of my favorite game series but I fear they will butcher it. A power shortage isn't very compelling, compared to the other story lines. I probably won't crap my pants in surprise and laughter like I did at the end of Jak 3, I just dont imagine a game fighting pirates in order to find some power to keep the lights on, leading anywhere good. From what they've said about the gameplay, it sounds more like J&D: TPL than the latter titles.
Pirates? Really? What a step down from the cool metal heads and even those irritating lurkers. They also have a picture of the robots - and they aren't the cool krimzon guard robots from Jak 2 and 3, they're those gay robots with the chainsaws from Ratchet and Clank.