We probably won't see Warcraft IV soon, but with Starcraft II's map editor and with enough time anyone can create something similar. Members of the New Dawn team are in the middle of it, and this developer video shows a really atmospheric preview. Orcs, murlocks and zeppelins fight each other amidst only a few remaining Zerg and Protoss buildings that remind us that it is a mod for Starcraft II.
Warcraft: A New Dawn - Dev Preview 2 [YouTube]
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