Yes, new King's Bounty game is coming here are the details.

King’s Bounty: Crossworlds, a stand-alone expansion to the award-winning King’s Bounty: Armored Princess is now in the development. The game will feature two new campaigns, quests, spells, units and a full-scale game editor.

King’s Bounty: Crossworlds features:
- 2 brand new campaigns (Champion of the Arena with boss battles in a gladiatorial tournament and Defender of the Crown with battles in unique tactical arenas with a random selection of enemies and allies).
- Massive expansion of the original King’s Bounty: Armored Princess - Orcs on the March, featuring new units, spells and quests.
- New creatures to slay or use in combat.
- 70 new items, 8 new item sets, including one for the pet dragon and 3 component artifacts.
- 7 new quests allow players to continue their journey.
- 50 new abilities and skills.
- 13 new spells.
- Game Editor for King's Bounty: Armored Princess.

http://www.1cpublishing.eu/news/king-s-bounty-crossworlds-in-developement