Mage's Initiation is an old-school, Sierra-inspired role-playing game that is being funded on Kickstarter, and now it has a free demo that anyone can play. The Kickstarter has reached its initial goal of $65,000, and now it has a week left to reach more lofty stretch goals. If they can raise extra money, they want to add more animated cut scenes to the game.
This is being made by the same guys that created the unnoficial HD versions of some Sierra games like King's Quest I and Quest for Glory II. They have already done some great work and, similarly, this game looks really awesome. Grab the demo and check it out -- you'll be glad you did.