This is the story of a young and powerful Dark Elf, who is also an up-and-coming member of the Mages Guild. He, along with the very best of his peers, was hand-selected by Mages Guild leader and founder Vanus Galerion to accompany you in the assault on Cold Harbor. When the mass portal to Cold Harbor went awry, these formidable Mages Guild members arrived, scattered over the icy wasteland of Molag Bal’s realm. Separated from their allies and you, their partner, the group was captured and imprisoned by Molag Bal’s Daedric army for use in torturous live training exercises.
Vanus Galerion is alive and well in the second era. I was not aware of this, but upon skimming his history it seems he would eventually confront Mannimarco in a final battle, and die in said confrontation. No dates were given for any of this in the wiki I looked at, and I'm not positive of the source of that information, but given this new blurb from TESO's official site it would seem likely that the players will participate in this final battle or at least be peripherally involved.
I'm posting this because it jumped at me as something bearing a huge contradiction or two, but on closer scrutiny I'm not entirely sure. I am sure however, that someone here will be.