The only Arkane IP we know about Is Arx Fatalis. Why would ZeniMax contract Arkane to work on their own IP and not an IP owned by Zenimax. It just makes good business sense that to develop an Elder Scrolls game every 2 years instead of 4 or 5. They did that with the Fallout IP why not with the Elder Scrolls IP. The Creation Engine and the Creation Kit are finished. Why not let Arkane take those assets and build a kick ass game?
Maybe because they like what Arkane does, and they approached them asking if they could pitch a new IP, or maybe an Arx Fatalis 2? Who knows, but the only way I could see them making an Elder Scrolls is if it was just one of those "legends" or "adventures" spin-offs.
You are right about the saturation effect. But looking at the people sitting on the board at ZeniMax leads me to conculde that quick turn arounds are in our future.
Look at CSI, CSI NY, CSI Miami, NCIS, and NCIS L.A. all on CBS Controled by Les Moonves, and if you look at the list of tv and film credits of Jerry Bruckheimer then you will see that sequels and spinoffs are their stock and trade.
@ Darthravanger
And you must realize that board of directors is not just a title. They direct the operations of the company. ZeniMax maybe a shell company but it is the shell that all of the other companies fall under. The board are the major investors in the company and the people who say yea or nay to what those companies do.
I believe there is a quote of Todd talking about this exact thing. He said they wanted them to initially make a "Morrowind 2.0" just after Morrowind came out, said they could have it done within 2 years. But Todd went on to explain how he doesn't like making +1 games, and how cool the higher ups are with hearing their ideas and giving them a lot of space to do their work. So no, I don't see a turn around happening anytime soon. Fallout =/= Elder Scrolls. Elder Scrolls is their own IP that they came up with, Fallout is just one they picked up. There is going to be a huge difference between how they handle each of them. The Obsidian thing was just convenient. Like "Hey there's some guys in that company who worked on the original Fallout titles, lets see if they want to make a Fallout game to hold people over while we're working on Skyrim".
So like I said, maybe a "legends" game or an "adventures" game, I'll give you that. But they wouldn't just hand off the "next" Elder Scrolls game to another studio. That will
never happen.