It’s my understanding that they were in fact working on a very similar game at Nexon that was canceled and will never be released. There’s even leaked footage of the game out there.
For Honor was once my favorite game. As players got better the design of the game tried to account for it and the game went from a slow paced, gritty fighter to a very fast paced beat em up, focusing less on mind games and skill and more about getting the right combos and abusing safe attacks.
I still come back and play every now and then but it’s very arcady compared to when it first came out.