Completely depend on the author. The problem with Dragonlance was that Weis & Hickman are superior writers to the rest who tried to flesh out the world. If you had good authors doing a Norrathian themed novel it could turn out well. More likely, they'd have less talented people working on it and it'd be pulp fantasy at best.
The biggest issue I'd forsee would be authors who try to include everything Everquest-y to prove how authentic their novel is. You know, a troupe of completely racially mixed guys go out and talk to every significant NPC, reference every significant mob, etc. Imagine a novelization of WTF Comics. As a comic it works because it's not serious in tone. If it was written as a piece of 'serious' fantasy literature, it'd still be funny -- just not "ha ha" funny.
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Belkira wrote:
Wow. Regular ol' Joph fan club in here.