The main problem I see with it is people's assumptions. People keep assuming that the game would just be like World of Warcraft and that it would ruin the lore. What little I've heard of the game mechanics doesn't seem to be too much like WOW, and the lore seems pretty sound. It's not like it had the Dwemer in the 2nd Era or Hermaeus Mora being the god of the Orcs or anything that is blatant violations, just a few things that are unlikely but still possible.
I feel these assumptions could be the downfall of a potentially all-right game. If enough people react with enough venom, there wouldn't be enough people buying it, thus causing it to collapse early. All I am saying is that we should give it a chance, instead of instantly dismissing it and thus leading it to ruin. Don't scream about how it is going to be bad. Hell, for all we know it could be the greatest game ever made. I trust the developers to bring justice to the Elder Scrolls. From what I've heard of them, they are a capable bunch. Besides, worst case scenario, it isn't like it would suddenly make Morrowind and Skyrim and any future games horrible.