Obviously, this is just a rumor, and to find out the full details we will all need to wait until May for an official announcement.
Apparently, Bethesda have been working on a MMORPG version of the Elder Scrolls. Gamespy reports that this amazing information is from three anonymous sources at Bethesda. I am sure that many, if not all Elder Scroll players will be excited to even hear about this let alone this actually happening! There are, of course, the number of questions which we are all dying to have answered. The loading time from Skyrim is so big, what is it going to be like with an Online version of the game?
We will just have to wait until May to see if these rumors are true or not. I personally hope this is true!