None of that is a firm commitment.
They could always change their mind. It's a business, and they'll just do the financial calculations. Maybe they'll figure doing a bunch of cheaper games would be more cost effective than a sprawling, open TES V. Who knows. Or maybe the company will be purchased, or get new investors who for whatever reason would not want them to do TES V.
I'm not disagreeing exactly, just saying that anything can happen with regard to this. And the longer they wait, I'm guessing, the higher the probability that they will not make TES: V.
It's true that a lot could hypothetically happen to the company. But the odds are pretty negligible.
TES's financial feasibility and the chance of making more yet smaller games:
Bethesda already has their version of making a bunch of cheaper games via their publishing. BRINK, WET, Rogue Warrior; all of which provide income and profit to Bethesda. In fact, making the titles they care about most, while publishing titles they still find interesting and want to support, is almost the perfect business model. They get to do what they want and make massive amounts of money off that. And then they get to provide backing for other, smaller companies, and profit off those smaller companies' success, just the same as they would if they devoted their developing arm to making numerous small titles. Also, the sense I've gotten from Bethesda over the years is that they like to be selective and choosy regarding what they develop, and even what they publish. They're only going to make something if it's what they want to make. Of course, profitability comes into it as it always does. However, judging by the number of copies sold for Daggerfall, Morrowind and expansions, Oblivion and expansions, and all the repackaging of those titles in between, I'd be surprised if developing more, smaller titles was more profitable than continuing a loved-by-the-gaming-public flagship series that has proven masterful at pulling unprecedented sales.
Odds of getting bought out:
ZeniMax is a
massive company. And Bethesda has been raking in the dough for them for several years running now. And seeing as ZeniMax just got done rocking the gaming world by purchasing iD Software, I don't see them financially faltering, nor do I see it ever becoming feasible for them to trade or sell off their flagship company, Bethesda.
Therefore, we can probably safely say that TES:V is on its way, and that Pete is true to his word. Bethesda is the most careful company I know of regarding pre-release information, and if they're willing to go ahead and say that TES:V is coming eventually, then I'll believe them, as that statement more than likely went through a thick and deadly vetting process.