A new report from Sterne Agee analyst Arvind Bhatia sees encouraging signs that Activision Blizzard's 2011 lineup will make the company less reliant on itsandprofit centers.In the note to investors [ PDF ] Bhatia says he thinks the company's lineup "will look much more diversified over the next 12-24months," which will lead to general expansion of the company's earnings in that period.Bhatia specifically cites Spyro-based toy/game hybrid Skylanders as an exciting new property for the company, and one that "isapparently testing very well with kids."He also sees potential in "a new casual MMO" from the company, telling Gamasutra he was referring to the previously revealed project Titan from Blizzard, which he expects to hit some time in 2013.Added on top of newandexpansions, the long-awaited launch ofand Bungie's upcoming Activision project , the releases make for a pipeline that Bhatia thinks should alleviate investor fears about Activision Blizzard's over-reliance on a few major franchises.This is important, Bhatia said, because EA's upcoming release ofandmay eat into the market shares forand, respectively. Still, he saw no reason to downgrade the company's "Buy" rating for the stock.