On a broader historical scale one could even think that the ass-whooping the Empire received at the hands of the Thalmor was a good thing to turn back the increasingly bureaucratic and political trend and set the Empire back on the track to uniting all of Tamriel. Elven aggression was actually the necessary precursor to arouse the fervor for the final unification of Tamriel. The fat imperial politicians would have been perfectly happy with its current holdings, but destiny demands that Alessia and Talos' project meets its penultimate conclusion. This need not be related to any doctrine of man's superiority over mer, after all loyal elves have a long history as imperial agents; it is necessary however that a little human toleration characterizes the onset of the first Tamrielic empire, but once a thoroughly cosmopolitan mindset has been established throughout the empire a meritocracy will probably win the day, occupied by man and mer alike.
Moving away from the historical anolysis and looking outside of the games as a series it seems that Summerset is a prime candidate stylistically. I hope we can all agree that we want to move far beyond the bland medievalism of Oblivion's Cyrodiil (what happened to Cyrodiil being a rain forest?) and continue on the path of wondrous fantasy established especially by Morrowind and carried on somewhat faithfully in Skyrim. The only acceptable candidates I see are Hammerfall, Elswyr, Black Marsh, mainland Morrowind, or Summerset. Hammerfall isn't politically interesting because it's too secure and well off at the moment. I have serious doubts that Bethesda will ever make an elder scrolls game in the beast nations simply because people are anthropocentric and I doubt it would sell well. Morrowind is unlikely because it has already been done, and that leaves us with Summerset.
Practically speaking from a game-making perspective Summerset is perfect too because it is an island. It appears to be about half the size of mainland Skyrim, and as such is feasible to make into an expansion scheduled for early or mid 2013. When I hear expansion, I want something bigger than Bloodmoon, and Summerset provides the perfect opportunity for Bethesda to outdo itself.