I got mixed feelings about that. I want Kotor III to take place decades after KII and that would lead to Bastila being dead.
But if it's just a few after K2, Bastila could play quite a major role... Old characters get boring, I agree, but Bastila may have changed entirely. Finding out about her newest agenda and her motives anhd feelings could be just as interesting as exploring a new character. For me anyway.
