I am very sceptical about The Elder Scrolls Online because Bethesda never could deliver a good, balanced and engaging RPG system, which is of absolute importance in a MMO. I don't see them making an interesting MMO.
I'd disagree in what Bethesda has produced, maybe not perfect, but is the absolute best RPGs I've been exposed to. I went through an RPG phase and was trying everyone that came along.
However, I agree with you regarding an Elder Scrolls MMO. There is reason to be skeptical because it could be just another late comer trying to cash in on the MMO craze and Blizzard's coattails.
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