TES MMO Rumors Build

As much as I dislike the idea of a TES MMO, there have been a lot of rumors of a TES MMO. Now we have this from the newest issue of OXM (Official Xbox Magazine):

"You may have read internet whispers about an Elder Scrolls MMORPG, but what the web folks don't know is that Bethesda's debut online offering will be a launch title for the next Xbox system..."

I'm under the impression that thats a little more than anyone can and should be able to know about the future of Bethesda and the future of the Xbox, but, you never know, OXM has called things correctly before.