Activision has announced that they're bringing back Sierra Entertainment. Apparently it's going to be an indie games publishing arm within Activision, beginning with a new King's Quest game by the guys that made the fairly well received Misadventures of P.B. Winterbottom, and the less well received Wayward Manor.
So at the very least this time when a favorite studio of my past was brought back it was as an actual game studio and not a poorly made digital distribution venue. So there's that. Based on the description, it seems like Activision is going for a Fox Searchlight sort of thing here, which could be pretty awesome if done properly. If this new King's Quest works out and is well received, maybe they'll dust off some of the other Sierra IPs. I'd pay good money for a new Quest for Glory or a remastered Conquest of the Longbow.
For now, we can only hope. There's some goodwill attached to that name, Activision. Don't squander it.