actual untrue, since arena takes place in all of tamriel. plus theres Daggerfall which took place in High Rock and Hammerfell, and Redguard which also took place in Hammerfel, though only on Stros Ma Kai
Anyways back on topic, i doubt its true, my moneys on it being a simple rumour gone bananas like it did with E3 and the july Game Informer cover. and i even further i really dount it would be a direct sequel taking place in cyrodil after all the trouble theyve gone to with the Skyrim trade marks, it just doesnt make sense. Unless the Skyrim marks for whatever reason cant be confirmed and they havr to fall back to an older Cyrodil mark. But then again probably none of that is true, i dunno im just guessin
To nitpick, I think, correct me if i'm wrong, that Redguard bore the flag of "The elder scrolls adventures" a spinoff of the original series.
I would be led to believe that at the very least, this sudden reaction from so many sites to a 4 year elder scrolls starvation will, at the very least, incite some reaction or response from gamesas. It's THAT reaction i can't wait for. It could be a "sorry, we can't release something at this time", or a "Ok, stop panicking and making assumptions and releasing these assumptions on public websites as "facts" , here's the deal..."
As a Gamer, I hope for the later, as an artist, I wish it never had to happen like this.