Well I speculate that telltale will reboot kings quest as a survival horror game that retains adventure elements - and before you all lynch me let me explain!
The original kings quests were all early versions of survival horror, you ran away from things like a wolf, ogre, witches, enchanters. None of these things could you effectively fight, you simply had to run away before they caught and killed you - and sometimes eat you!
So any reboot that is true to the series will have this element in it. That doesn't mean the tone of the game will always be gloomy; kings quest always had fantasical, whimisical and horror themed settings; think things like poisoned lake, evil tree forest - all admidst a seeming tranquil and picturesque setting.
So telltale should expand upon this early mechanic; and make it relevant i.e. not running away one screen and the enemy is gone, like the early kings quests, but maybe having to actively hide in the environment.
Imagine the witch swooping down and trying to catch graham who runs from her, but moving away she is still pursuing so graham must hide and wait until she has wandered away. That would be tense! In a sense this has already been done aka kings quest 5 with the bandits on horseback - to avoid notice graham hides behind some rocks or is killed.
So I know what your thinking - this is not resident evil! Do not worry, telltale do not think so either, there will be no scenes of graham sword fighting an ogre! Graphically the game should keep its true fantasy setting, aka not disney or shrek. More like a story book with 3d characters on a 2d world.But for my 5 cents worth that is what I think telltale will do, hopefully I am right.