Looks like Zenimax online studios are making it, I wonder if this is a good or bad thing?

Have they made an MMO before and has anyone from Bethesda been roped in to help with the lore?

They have a guy who made some heavily PvP-focused game before, so at least they've got some kind of experience.

Isn't it the guy behind Dark Age of Camelot? I hear that game was good, so I can only hope.