This has been the focus of a lot of discussion so far. I certainly understand the feeling that announcing TES V in the build up to FONV's release or in the first few weeks afterward would overshadow it. However others have felt that FONV would probably be bolstered by the news more than anything else and that argument makes sense too: it doesn't make sense that someone excited about TES V would decide not to get FONV - if anything the opposite would be true. Bethesda's PR and Marketing team may not want their hands full with a major release and a major announcement but that has more to do with internal logistics than concern over one negatively affecting the other.
I think the issue is moot actually, I don't think Bethesda will announce their new game until early 2011 but its for reasons unrelated to FONV. We're at the tail end of a long and productive con season and if Bethesda didn't want to announce it during the con season I think they'll wait until it's comfortably died down. Of course by the time it has we'll be entering the holiday season which is also quite busy which then bumps us to January at the earliest.
Whatever Bethesda is developing will get a huge amount of attention regardless of what it is but why announce in November or December and compete with the holiday releases when they could wait a little bit and have the media all to themselves. Also, given the positive press FONV is already generating a big announcement as that starts to lighten up (again, after the holiday season) may be a nice boost.
I can afford to only ninja the best :hehe: