Elder Scrolls IV: Oblivion Announced!

A new splash screen on Bethesda's official Elder Scrolls website states "Elder Scrolls IV: Oblivion - The RPG For The Next Generation", and is accompanied by the following announcement on the site's news page:
We are pleased to announce that The Elder Scrolls IV: Oblivion is currently in development for PC and future generation consoles. In development since 2002, Oblivion is another leap forward in role-playing with its combination of freeform gameplay and cutting-edge graphics. The world-exclusive details on Oblivion are featured in the October issue of Game Informer. Check out their mammoth 12-page cover story to get all the details and screenshots. (And yes, that's in-game art on the cover.)