Cool
I wonder where it will be set. Two locations come to mind: either Black Marsh (the land of the argonians) or Sumurset Isle (where the High Elves hail from). Given what they did with Morrowind in, erh, Morrowind, Bethesda seem to be a lot better at developing "creative" worlds like that than the standard fantasy setting. Or maybe the latter is just overdone and I would like to see something "different" like the swamps of Black Marsh and the ancient forests of Sumurset Isle.