I would not be surprised if this was more then a rumor...ManaNation has received a tip that Wizards of the Coast has decided to end the print run of the Dungeons and Dragons 4th Edition Core Handbooks, instead aiming to turn the game in the direction of Dungeons and Dragons Essentials, a product to be released later this year. The first product for the Essentials line is starting with the Dungeons & Dragons Fantasy Roleplaying Game also being called the Red Box and is due to be released on Sept. 7th, 2010.
It is our understanding that they are not going to be reprinting any of the three main books, the Players Handbook, Dungeon Master Guide and Monster Manual from this point on to allow them to be phased out. No other books have been mentioned.
This does not match repeated assertions by WotC that the Essentials line is not D&D 4.5. At the moment - pending confirmation - this has "take with a grain of salt" status.
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