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I want it to last to Nov 2011 at the longest because I want the next The Elder Scrolls game to be released on the Xbox 3, not in this gen.

Oblivion was released in March 2006 and Bethesda usually has a 4 year dev cycle, this time probably extended by a year or two max because of Fallout 3, so it cannot come out later than in Spring 2012.