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No, it won't be Elder Scrolls V. I so hope, but no, that won't be it.

Most likely it will be Elder Scrolls Online, because that's already been in development for over 3 years and should by now be ready to be shown, while TES V has only been in full developmen for a lil over 1.5 years and an Elder Scrolls takes 4 years to develop.

So I really believe Elder Scrolls Online will be revealed at E3. You read it here first.