Bethesda Responds to Fallout 4 Reports
"An accurate headline would probably be, 'Fallout 4 before 2018,' since that's what he really said (10 years is too long)," Hines explained to Edge Online.
In the report, executive producer Todd Howard noted his belief that the ten-year wait between Fallout 2 and Fallout 3--due October 28 on PC, PS3, and Xbox 360--was too long, adding that three years between games was a good span.
However, Howard did not mention specifically mention Fallout 4, suggesting that his quote may have been taken out of context and may instead refer to Bethesda's next major game, which could be another entry in its acclaimed Elder Scrolls series.
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Elder Scrolls V couldn't happen in 2009 (the three year mark from Oblivion), unless Bethesda suddenly got really secretive. They usually tease with a screenshot or two at least a year before their games come out. I'd like to see TES V next year, but I doubt it will materialize.
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I'm not sure how much we can read into what they've usually done, since they've got an entirely different RPG to focus the public's attention on right now. I could definitely see how, even if there has been some parallel development of TES V, they might want to keep quiet about it for a little while longer so as not to step on their own Fallout 3 marketing so close to release.