I posted earlier about the possibility of Elder Scrolls V under development in the general discussion forum. This would be more appropriate to post in here had I known what this forum was for. I'm going to post the links that I find about the news of this source.
I haven't found the direct source of this news but what I do know is that it originated from Eurogamer Denmark.
These are a few others that digress the source:
http://www.thehdroom.com/news/Is-The-Elder-Scrolls-V-Well-Underway/7942
http://www.thesixthaxis.com/2010/11/24/rumour-elder-scrolls-v-on-the-way/comment-page-2/
http://www.tomshardware.com/news/Oblivion-Morrowind-Elder-Scrolls-RPG-PC-Game,11694.html
http://www.xboxaddict.com/news/10773/Elder-Scrolls-V-in-Development-of-Direct-Sequal.html
http://www.tgdaily.com/games-and-entertainment-features/52675-report-bethesda-prepping-new-elder-scrolls-title
http://www.atomicgamer.com/news/3198/elder-scrolls-5-rumored
It's probably best that I handle this, the rest will just reply with undue amounts of snark and sarcasm
We've been discussing this a while - most things that have been out more than a day have already been discussed at great length. Currently, though, we're looking at the fact that Game Informer just had a 4-page spread entitled 'Encrypting the Elder Scrolls', which sounds quite promising for a future announcement.
The link to the original article:
http://www.eurogamer.dk/articles/2010-11-22-the-elder-scrolls-v-paa-vej
To bring you up to speed on what we talked about:
How 'direct sequel' is a mistranslation/doesn't mean it follows on from Oblivion;
How unreliable the source seems (although it does come from EG, which makes it more credible);
How unlikely it is that Bethesda planned this.
So yeah. Welcome to the forums, and do not anger Antibody