Rumors spread out once Bethesda bought the domain naime elderscrollsonline.com. What’s true so far though is that Pete Hines of Bethesda has NOT yet confirmed an MMORPG installment in the works for the Elder Scrolls series.

Here’s the statement that caused all the confusion:

I don’t think that this funding changes our focus in terms of what we are about and are trying to accomplish. The additional resources will allow us to expand our publishing efforts-both our own titles and those of other studios-and to pursue development of more titles, working with internal and external development teams.

No official announcement has yet to be released by Bethesda confirming that an Elder Scrolls MMO is in the works. The $300 million dollars bounced around the news was received by Bethesda’s parent company, ZeniMax Media and will be invested across a “multititude of projects.”

For the MMO project, again, no such announcement has been made. If you analyze the quote above, there’s no real proof that an actual game is in the works (except perhaps for the acquisition of elderscrollsonline.com) and the “confiremation” is simply non existant.

While many speculate that such a project will give current MMO giants (WoW for one) a run for their money, we’ll just have to be patient and wait it out for any more developments.