But then, TMI was contracted out to Telltale. I'm not sure how much of TMI was handled by LEC people when so many of the non-LEC people are former LEC. As you say, you weren't talking about the state of the company, but if they are going to cut back on outside contracts that makes another Monkey Island from Telltale less likely. Not to mention a Telltale (or DoubleFine) GF-related game. Although, if Tim were to lead a return to the Land of the Dead, that'd be way cool.
Rumors of a GF2 go further back than 2007, of course. It's not as if LEC has ever announced anything, or hinted at an announcement, so it's not as it's any kind of.... What's more pathetic than vaporware?