I doubt it's just another mead-drinking Nord in some city. So where is he? Is he trapped somewhere, unable to kill the dragons and save Skyrim? Will the player save him somehow, help him kick dragon butt, once again becoming the hero's sidekick, the 'Champion of Skyrim'?
Or would it be the player himself? Doesn't make a whole lot of sense, since Dovahkiin is obviously male and with a mustache (as seen carved in the rock in the trailer), and Bethesda wouldn't take all the playable races and the other gender away. Or is the player going to be Dovahkiin reborn, a reincarnation, similar to how things went in Morrowind?
What do you think?