Are you two aware that Bethesda Game Studios are not working on this game? It's not their game. Rather it is being made by Zenimax Online? Different companies, different buildings, different staff. The only thing that the two companies have in common is being under the Zenimax umbrella and Bethesda Softworks being the publisher. And The Elder Scrolls concept.
TES as we know it will continue to be made by Bethesda Game Studios as will Fallout for those of us with no interest in MMOs, that is good news. With different companies and different dev teams, one should not and I don't believe will have much effect on the other. No attention has been "turned". Zenimax is the Mother company of Bethesda Game Studios, Bethesda Softworks, Zenimax Online, ID Software, Arkane Studios, and Tango Gameworks and as such, they invest in each of those companies who make their own products.
Yes, quite aware. I know ZO is responsible for development, not Bethesda as was stated in the article, although Bethesda Soft is publishing it. I just don't like seeing good IP used for foul purposes and after the stunt SWToR pulled, I've become rather cynical.
You see, there are two possible outcomes:
A. It succeeds (VERY, very unlikely in my worthless, humble opinion)
In that case, the TES MMO I would have enjoyed and preferred to play will not be made.
B. It fails (Likely)
In that case, nobody will touch the TES franchise with a 10 yard pole (for online purposes) and I'll have to dream about Morrowind/Skyrim online until retirement.