Wow a new Monkey Island. This is really great news.
I hope they will make an inventory that lets you combine items like in the old games. I very much disliked the way they did it in sam&max. Allowing items to only be used directly with the environment is simply too easy. It destroys the atmosphere of such great adventure games.
But a new imperfect Monkey Island is certenly better than no new Monkey Island. :)