Elder Scroll V: Skyrim is coming 11/11/11 and will obviously be set in Skyrim which is the home of the Nord race of people. It should be a big change of local for the series and will hopefully bring some more interesing locations. Unlike what most people assumed Elder Scroll V will not be an MMO.
The Elder Scrolls series was the original game that publisher Bethesda started on. They are huge first person RPG’s in a Tolkien-esque fantasy universe. Most recently the took over the Fallout series and made Fallout 3 which has proven to be a huge hit.