Many Fallout fans wished for another game in the series by Obsidian and the company will deliver, in a manner of speaking. The Outer Worlds is a game that looks a lot like Fallout and Borderlands series, but it also has, gasp, NPCs.
The Outer Worlds trailer kicked off with a sequence that is fairly reminiscent of Fallout 4 as you are waking up from cryo-sleep. Similarities continue throughout the trailer with a similar art style and themes but the game also gives out a distinct Borderlands vibe.
According to the description on the YouTube video above, you are one of the colonists that went to Halcyon, the colony that is furthest from Earth. It used to be the frontier, which is probably where the "space Wild West" vibe comes from, but companies bought it out and started pretty much ripping everyone off. Sounds a lot like Borderlands, doesn't it?
Anyway, you will be thrown into a conspiracy that you will need to resolve, or not, as the trailer hints at players having many choices. This becomes apparent in the section where the girl is telling you to make a choice and make it fast, and proceeds to state that shooting one of the civilians wasn't necessary, but it can be done.
Fans who have seen the trailer generally found it to be exhilarating, with many of them being thankful for finally getting a game akin to Fallout, from Obsidian. There is even a bigger treat here though, as the project is led by Tim Cain and Leonard Boyarsky, the two minds that were in good part responsible for the original Fallout.
Obsidian was recently acquired by Microsoft, but the latter will not be the publisher for The Outer Worlds. Private Division will be handling those matters, so Obsidian probably made a deal way before Microsoft acquired them.
This is not unusual for the company either, as Microsoft's other recent acquisition, inXile Entertainment, will release Wasteland 3 for all platforms, including PlayStation 4. In both cases, the decisions likely stem from the time they were independent studios.