Yeah but can you in good conscience play their Fable version knowing its a cash in using HZD success and that Microsoft gutted and closed down Lionhead? /s
Last good Lionhead good game was Fable 2, 10~ years before their closure, unfortunately they had it coming with their mismanagement, it was not only on MS.
Look on that from the other side. Unreal Engine 5 is still not officially available for everyone. They plan to release some early access for developers. Some studios, like The Coalition and Ninja Theory, probably are working on it much earlier than most of the companies. The Coalition itself said they’re in early access.
They started development on Alpha Point on UE4 in October and then moved to UE5 late November. Completed in early February in early UE5 built and upgraded to UE5 early access in May.
IMO for their first AAA game with their own IP they are going to want everything air tight in terms of production. Even though they would probably be given time to switch if they wanted it, I expected that they want no issues in terms of delays or any other hiccups while learning UE5. If there is a sequel that is when they might switch, or maybe(unlikely IMO) with The Outer Worlds 2.