Same setting, same magic, different characters? Emphasis on the character to character interaction, and similar politics and intrigue of the original story...well, I'm thinking Choice of Romance done Game of Thrones style...?
Interesting. I've played all three parts of it before. Not sure if I would want to play as a life or death mage/noble in Iberia, but I will say this is an interesting idea. And involves a crazy king or queen.