With game companies keen to push out games every year I think it might be a Morrowind remake. Bethesda already showed by giving Xbox 1 month exclusive to dlc, that they are moving away from the consumer and more towards milking games for every penny, like a company should.
With the amount of areas, such as caves, house interiors etc, that are reused in games I think it would only take about a year from start to finish to release a Morrowind remake. I wouldn't even mind if Skyrim textures were used.
All of the unused regions of Tamriel have difficulties in design like forests, swamps and lakes. I would assume Bethesda will wait until next gen consoles for the next ES so it won't have Skyrim style flaws. I hope it will be pc exclusive but being realistic it won't be.
Anyway I will stop before I'm 30 mins into this. Opinions?