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Allow me to introduce, Chaos Chronicles. An RPG using OGL 3.5 rules, heavily inspired by old classics such as ToEE and D&D Gold Box games.
Homepage: http://www.chaos-chronicles.com/
A good interview: http://www.rpgcodex.net/content.php?id=8420
The game will probably feature movement in real time, until you trigger combat where it goes turn-based. The game will also use a hex-system instead of tiles or just "feet", like ToEE did.
But the best thing about this RPG is that it will feature a coop-mode for 1 - 5 players, thus making it perfect for those who want "heavy RPGs" to play through with their friends. (See: Baldur's Gate- & Neverwinter Nights -series as perfect examples.)
I forgot to add, the game will be released sometime around 2013 (At least that's what their homepage says.)
We?re all dead, just say it.