Yes, we waited for 5 years without something burning down...Im pretty sure another 4 and some change + bethesda actually getting aquainted with the New tech and not the 6 month rush would have been just fine.
Still, it is a bit of a luxury for a game company to deliberately delay making games, don't you think? It might make sense if the next gen is say, only 2 years away. But I am not expecting anything other than Cafe for a long time. There is really no point waiting for a future console when you have the time to make a game right
now, sell it, make money, and then make another new game for the next gen console after that. A hypothetical 4 years of playing Skyrim should be enough for us to be prepared to buy TES VI.