Yes, I am referring to the Director's Cut. It's referred to as Episode 0 in the code (though it's not currently playable as such, even in the full development build). It would require a substantial amount of reworking of the logic, since the story still needs to follow some sort of logical progression. It would be very cool, though!
It would add a layer of difficulty and it would remove the restrictions placed by the episodic format (which should have been a dead giveaway activision was working with telltale).
Actually, I don't think the episodic format has anything to do with Telltale's upcoming KQ reboot, although I believe it
was inspired by Telltale's game format.