ZeniMax Online Studios and Bethesda Softworks are reportedly planning to announce Elder Scrolls Online in May 2012, according to an anonymous industry source speaking to Tom's Guide. Details are scant, but the May announcement would be followed by appearances for the game at both E3 and QuakeCon 2012.
The rumor pegs Elder Scrolls Online as being set around 1,000 years before the events of 2011's Skyrim, which puts the timeframe inside the Elder Scrolls universe's Second Era. The game will also reportedly include three factions, each one represented by an animal: a lion, a dragon and a bird of prey. Tom's Guide notes that the rumor was "corroborated by two additional sources before publication."
ZeniMax and Bethesda gave Tom's an official "no comment" response, so it looks like we'll be waiting until May to see how this all plays out. What do you make of the rumor? Is it time for Elder Scrolls to step into the online space?