Well the most [censored] hillarious thing is the mmo could be more like a classic RPG than TES has become under mr Howard
I mean look at World of Warcraft character stats and armor slots and spell variety and whatnot, and then look at Skyrim.
Exactly. I'm hopeful, because that springs eternal. I'm tired of every other AAA franchise going the way of first-person shooters.
As for a plot, I like phinix's time travel suggestion. The use of Tamriel's metaphysics, to leap from spiral to spiral, sounds fun. Not so keen on more dwemer material. Also, the Crying of Lot 49's Jacobean Tragedy was written for an Elder Scrolls adaptation.
Those three factions in the latest rumor could be mercenary companies. Mercenaries and private armies were everywhere, in second era Cyrodiil.*
Aesthetically, I'd like to see the environs of the First Edition PGE. (Sumurset ought to resemble a German expressionist's city scheme.) The art and design, tried and true rpg mechanics, and lore will, ideally, be this game's draw.
* The "Lion" could be Srathra's head, representing his company.