Although I have not actually seen the game, I would definately say yes. And if you need an epic text writer, I am available....

Sweet!  We'll definitely have to wait and see how the game turns out; especially how extensive the modding tools are, however, the fact that it's all done in python is very encouraging.

As far as epic text goes, sure, if you don't mind writing spell descriptions, item descriptions, unit descriptions, hero and wizard backgrounds.

Can do!

Actually, that is an Elemental Shard. I believe the equivalent from MoM was a mana node.

By plains do you mean dimensions?

Here is the map of the world Brad posted but this is probably for the main story.

By plains I meant planes.  

Master of Magic had 2 planes of existence:  Arcanus and Myrror.  When you started a new game, each plane was generated independently of the other.  In essence, there were 2 completely different world maps.

So what, big deal right?  The real strategy of the concept is that travel between the planes was very restricted.  There were a small number of wizard towers located around the world and they were mirrored on both planes.  If you managed to clear the monsters out of the wizard tower, you could use it transport your troops to the opposite plane.

There was also a planeshift spell and a few creatures with the innate planeshift ability (shadow demons being the most infamous example).  Planeshift allowed you to move your armies/creatures to the opposite plane anywhere, not just at a wizard tower.

The other major strategic aspect to the 2 planes in MoM was the major difference between them.  Myrror looked completely different, had far better resources (adamantium, crysx crystals, far more mana in nodes etc) and was home to far more powerful monsters and special races (dark elves, trolls, beastmen, draconians, dwarves).

Most wizards began on Arcanus, though one could choose the retort Myrran which started the player on Myrror.  This gave you access to the special races as well as a world far less crowded with opponents and far richer in resources.

Just thought of something...you cant recreate the artifact spell. In one of the dev journal's Boogiebac mentioned that they dont think theyll have time for in-game editing tools. However, it sounded like something he wanted to do so maybe in an expansion?

If I'm reading CapnWinky's post correctly, he's on the right track.  If there is no way to make a true alternate plane, I bet there is another option.  Create 2 contintents that are the same, outside of the hellish looking terrain.  Make some sort of impassible barrier between the two continents, and then have a portal that connects the two.  That should make it look/feel like MoM.

Not sure I ever saw anything about this..

Is there going to be an underground? (ala Age of wonders)

Check out the Dev post titled "Countdown to Beta Zero - Spells, Spells, and more Spells!" I think it was response #12 where Boogiebac stated and I quote:

"Most of the editors will be used outside of the main game, though I would like to find a way to make them gameplay features (Item Editor becomes a 'Item Crafting' feature, Spell Editor for 'Spell Crafting'), but we probably wont have time for those "

If you know something different or have updated information...please share! I would love if this feature made it in!

Where did you get that information? I don't think I've ever seen any of the devs say anything either way about other worlds or underground...

I like the idea of creating items, MoM style.  I do not like the idea of creating spells.  I've seen many instances of the former done right and executed extremely well.  I have never seen the latter done so well.

I think it really comes down to complexity.  Items are simple, predictable and can be broken down into discrete categories based on use.  Spells are far more complex, unpredictable and varied and attempting to give them the same treatment as items leads to a boring, generic spell system (a la Elder Scrolls series).