An industry source that wishes to remain anonymous revealed the name of the new MMO to us, and confirmed that the game would take place a full millennium before The Elder Scrolls V: Skyrim. Using the Elder Scrolls Wiki timeline as a guide, Elder Scrolls Online will likely take place during the "Second Era," or several hundred years before any of the other Elder Scrolls games. This information was corroborated by two additional sources before publication.
Elder Scrolls Online will have three playable factions, according to the tipster. Not much is known about the factions, except each is represented by one of three animals: A lion, a dragon, and a bird of prey (either a phoenix or an eagle, we aren't sure).
A May 2012 announcement would likely be followed by some sort of presence at E3, the annual Los Angeles video game convention. The game would also be shown at Quakecon 2012 in August, along with id Software's Doom 4 and several other titles.
It's fairly obvious one faction will be the Empire, the others could be something Aldmeri, Akaviri, or even Morrowind and the Tribunal maybe.
The Dragon is most likely the Empire, of course, but at a pinch could be Akavir I guess. Phoenix makes me think of the Dunmer and the Tribunal, but I don't remember anything actually linking them, Eagle would suggest the Aldmeri more imo. Lion I'm not sure about.
Looks like it works, but I'm not sure about how well it will distinguish voice commands. I like the custom sort options for the inventory, like by weight or value. Yelling your shouts at the TV sounds cool, but I'm not going to learn the dragon language just to save 2 seconds.
Ulfric Stormcloak. Bethesda posted the image on their facebook page from what I understand, along with the word 'Tomarrow'. It can be speculated that its going to be news about the next expansion for Skyrim, possibly having something to do with Ulfric's past.