ToeBall, with all due respect, sir, I realize what you're trying to tell us, here, but the Gamasutra interview and every other piece of news across the internet indicates that Jordan retrieved the licenses, and that "licensed from Microsoft" is actually an inappropriate choice of words, even if it is the only choice to be made, and that Microsoft really doesn't have anything do with ANY former FASA properties, anymore.
From my standpoint -though I'm biased because I've always loved FASAs games, so you might have to take what I'm saying with a grain of salt- Jordan and FASA own the paper AND electronic IPs, period. I find it interesting to note that Microsoft initially purchased the Earthdawn electronic IP, but almost immediately "sold it back" to FASA. In this particular case, I believe the rest of the IPs were also "sold back", which would still take power away from Microsoft.
Have you guys tried talking to SnT about it, yet? It may be that Jordan and crew don't know what you're doing here. If they do, I hope they approve, and if they don't but learn about it, I still hope they approve. It's high time this community had something we could play to keep BattleTech alive.