A few images that are rumored to be concept art from KOTOR III have been posted on JZConcepts.com, website of LucasArts’ concept artist, James Zhang.
His past projects include Republic Commando, Knights Of The Old Republic II, Episode III, and more. We also know that a team was placed to work on Kotor 3, but was laid off by LA in 2005.
UPDATE:
Please take a look at this article to see why the images are gone.
Source: ClubJade.net
Austin Blankenship is the webmaster of EUCantina. He is a host of our official podcast, EUCast, and also founded our sister website, SoloSound.net. Austin helped turn EUCantina from a forum into a website in 2007, and continues to operate the site and the EUC social media accounts. Austin works as a librarian in a small town above Atlanta, Georgia. 
Cool pictures. Bogus. But cool.