TES1: Arena covered all of Tamriel too, does that mean Daggerfall, Morrowind, Oblivion and Skyrim were pointless? Not to mention that ESO is set 1000 years before Skyrim, a lot of stuff can change over 1000 years.
Precisely. As it is, a lot of people want to go back to Morrowind to see how it's changed in the 4th Era, and it's only been 200 years since we were last there (granted there was a meteor strike and volcano eruption, but still). Todd Howard mentioned he'd like to revisit High Rock, because he didn't feel it was done justice in Daggerfall.