taken from the ign site's impressions article...

There are no raids after all - "That's not Elder Scrolls," says Game Director Matt Firor

I wouldn't be too bummed about this if it were true to be honest. I was actually pretty interested in the overall feel and features of the game outside this one typical mmo device.

But seriously? No raids no dungeons sized higher than 4 man content?

Lol really, there are like a dozen threads on this right now. Just look at page one and you will see them. You will learn that the conclusion you have drawn is way too premature. Anyway, this one will be locked soon..