http://www.vg247.com/2010/08/16/howard-new-bethesda-game-pretty-far-along-working-on-another/
It doesn't say that it's the Elder Scrolls, though, it just says its an unannounced title that they're working on. Not that I'm saying I doubt it's an Elder Scrolls title, I'm just saying they didn't actually say it is.
Anyway, I'll be really pleased when the Elder Scrolls V is announced, then I'll probably look on these forums regularly, post in vaious topics about it (What my posts will say will depend on what we learn.), and try to hunt down all the information I can find, I've been hoping to hear about a New Elder Scrolls game for a long time now and when I do, I certainly won't ignore the news.