Didn't they make an MMO in the mean time? It is like asking when Warcraft 4 is going to be released.
My theory is that they've been reallocating teams into Zenimax Online studios for projects like ESO. TBH I've been playing it and it's pretty cool compared to the dated feel of Vanilla Skyrim. If any of you own it, ESO Plus is free until June 19th, you just have to head to the Crown Store and click the free trial button.
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