Does the Legacy live on? A source tells VG247 that Crystal Dynamics is preparing a "full reworking" of the Soul Reaver series, complete with a new art direction. At the moment details are scarce, but then so are Kain and Raziel these days. Both made an appearance as playable characters in Lara Croft and the Guardian of Light DLC, but other than that (and Soul Reaver on PSN), we haven't seen our duo since Legacy of Kain: Defiance in 2003. It's unclear where this new game would fit in the series, but given that the last game and the Lara Croft DLC featured both Kain and Raziel as playable characters, I personally hope the next will, too.
A reveal was previously expected at E3, but that appears to no longer be the case. When asked about the rumors, Square Enix issued a "no comment".