I heard it was supposed to involve some kind of Wood Elf fellowship. They come into possession of some kind of ring artifact, and it has to be dropped into Red Mountain's lava craters before the armies of Daedra march all over Nirn. It's going to have some large-scale epic battles, but mostly centered on a handful of heroes with a miraculous talent for avoiding any actual danger. Anyway, things get out of hand, and they have to make a final defense at some impenetrable keep.
Impenetrable, hah! The Titanic laughs at thee!
I heard it was about a know-nothing young, and quite annoying, Bosmer who receives a message one day that he is to study at the Arcane University. He befriends a group of misfits: A big hairy Nord, a red-haired human, and a know-it-all girl. They get into much mischief, but that's only a small part of the story. For the Bosmer is actually the one who will save all the mages from Mannimarko, who will return to destroy them all, once and for all.