Except it isn't Bethesda developing it, it's Zenimax Online.
Actually Zenimax Online own Bethesda and have done for ... well read below. Basically they are one in the same
ZeniMax was founded in 1999 by Bethesda Softworks founder Chris Weaver and Robert A. Altman. Weaver's vision was to use Bethesda Softworks as a hybrid-media company which would create cross-media properties for a diverse range of different platforms. Weaver brought Robert Altman on board as CEO, contributing his stock in Bethesda Softworks so that the new shell company (Zenimax) would be able to obtain funding. Weaver moved to a non-operational role in 2002.
Under ZeniMax, Bethesda developed and published The Elder Scrolls III: Morrowind and The Elder Scrolls IV: Oblivion. Bethesda is also the publisher of three new Star Trek games, Star Trek: Legacy (For PC/Xbox 360), Star Trek: Tactical Assault (for Nintendo DS/PlayStation Portable), and Star Trek: Encounters (PlayStation 2).[1]
Because MMO's are not about Lore, politics, background story, compicated chargen/development, story etc.
MMO's are about interaction, combat, loot etc. to appeal to a mass public. Compare paying per month like $ 15 to a one time amount of $ 50. I have bought MW in 2004 and i still play it.
True, traditionally Elder Scrolls has been about "Lore, politics, background story, compicated chargen/development, story etc." but why always. Why not let a kick ass company like Bethesda, who we clearly all love here, and let them have a wack at it and see what comes out. I mean, if the rumours are true that 10's of Millions over 4 years with a crew of 100 aprox ppl working on it.... well I want to see it at least.
TBH MMO's have been a passion of mine. I have Alpha'd, Beta'd and so on countless games over the year. I currently Mod for 2 games companies as a volunteer and in my past I have worked as a QA for a large games company and yes, like many of us I would assume I have been hugely disappointed my almost all of them. Very few games have kept my attention (among some, UO, LOM, EVE) but I have yet to be disappointed by anything that has come out of Bethesda and I have my fingers crossed for this one.
I mean, can you imagine a real good Sandbox MMO with, as Quantez put it, all the Lore, politics, background story, compicated chargen/development, story etc. of an Elder Scrolls game ..... can we all say heaven?