Bethesda Has No Plans for The Elder Scrolls V

Big Download brings us a quick summary of Todd Howard's QuakeCon speech, including a surprising couple of quotes that seem to suggest that The Elder Scrolls V isn't in development and won't be anytime soon.
Admitting to mistakes is a big thing in game development. Howard said the final version of Fallout 3 was about half of the game they actually made. They don't hesitate to throw out something that just isn't fun. The company also charts how a game "feels" with Howard using a graphic that looks like a series of circles inside each other. At the center is the "perfect game" while at the outer part is the "bug and polish" part. The key is to make the "bug and polish" circle as small as they could make it before the game is released.

Howard took a few questions from the audience but didn't give out much info on their future projects, saying only, "We are working on our next big game but we are not talking about it." Don't look a new Elder Scrolls game in the near future; Howard said there are no current plans for an "Elder Scrolls 5." As far as an Elders Scrolls based MMO, he said in jest, "There's always a chance." He gave no new info on the third party developed Fallout: New Vegas, due out next year. He did confirm that they are through with creating any more Fallout 3 DLC content.
Sounds like the only Elder Scrolls we're going to get is one that requires a monthly fee.