Hell yes.

http://www.zam.com/story.html?story=23411

"Well, some details have finally been revealed at The Grand Masquerade convention in New Orleans, which is being held throughout the weekend. Ardwulf's Lair (via Massively) is reporting that the MMO will indeed be called World of Darkness, but it is actually based on Vampire: The Masquerade, which is the older version of White Wolf's vampire RPG."

YES! I will be playing this TIMES 1,000!
This also means that there's a good chance that White Wolf will someday pull V:TES back out of torpor.