Have you played Wizardry 8 yet? Not exactly new but it is an incredibly good CRPG of the style you're describing. Also Baldur's Gate I/II would fit the bill.
I had mixed feelings about TOEE, loved the mechanics of the game and the combat simulation was the best implementation of 3rd edition d+d I've ever seen - but the game was so short, bug-riddled and lame in terms of RP and plot that I was dissapointed in it overall.
Haven't heard of any good new ones coming out, but if you've never tried Wiz 8 I would steer you there first - and if you need any help with it check out the ironworks gaming forums, alot of very helpful people are over there.
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