Unconfirmed: The Elder Scrolls V in 2010

Gamesindustry.biz is quoting Bethesda Softworks publishing executive Paul Oughton as saying that we may see another Elder Scrolls game in 2010.
"At the moment we've got Fallout 3 for this year and potentially there's a new Elder Scrolls title in 2010," said Oughton. "At the moment we're not that interested in the Wii. We're going to stick to PS3, Xbox 360 and PC. We'll continue to pursue three or four titles a year and go for big titles," he said of the company's publishing plans for the future.

If we're really looking at less than two years, I would assume that the game would have to be well into its development cycle by now.