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jason1637 said:

If the development just began then MS is announcing next gen titles early

Well Bethesda already did that with ES6

But I think it depends on what they mean by development, do they mean development as in production or do they mean they've only just started pre-production. If they've only just started pre-production then yeah it's likely around 5 years away, around next gen but if they mean they've started production then it should be sooner, I'd say around 3 years.