The rumors of an Elder Scrolls MMO have been circulating for quite a while, but it has been revealed by Tom's Guide that Bethesda will be officially announcing Elder Scrolls Online in May 2012. The game is supposedly set at a full millennium before Skyrim, which is at least a few hundred years before any of the Elder Scrolls Series. Little is known about the MMO yet, but we do know that there will be three factions, each represented by either a dragon, a lion, or a bird. More information should be made known in the near future.
Elder Scrolls MMO? I'm sold, as long as they don't screw things up. Just imagine, thousands of players in town screaming "Fus Ro Dah", that would be quite the sight. This is yet another game I'm looking forward to in 2012, and I just hope that Bethesda will deliver.
Image source: http://www.gamezone.com/products/the-elder-scrolls-v-skyrim/news/is-an-elder-scrolls-mmo-in-the-works