Older but more detailed info on this is on
Magic blog
Quote:
We have also partnered with Cryptic Studios—creators of games like City of Heroes and Neverwinter—to produce a Magic: The Gathering massively multiplayer online game. The partnership is new, so we can't tell you when you'll be able to start roaming the Multiverse, but that day is coming! You can read a bit more about it here. We're also discussing similar partnerships with other digital studios and game creators and hope to have more news on those in the near future.
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Will it be anything like the MtG: AotP boardgame? Probably not, as it is most likely be Wizard's attempt to make a MMORPG to compete with Blizzard's WoW, just like Blizzard made Hearthstone to compete with the MtG card game. But we can hope it will be more "turn-based" to feel more like the boardgame.