Im a huge Elders Scrolls fan. I thought Daggerfall was one of the best RPGs ever (at the time), thats how much of a fan I am. I think this game sucks balls. It's a travesty that uses the ES name and should have never been made. Ive played it a bit at a friend's house and it's basically WOW with an Elder Scrolls skin, but none of the charm, atmosphere, gameplay and freedom of an ES game.
The only way that an ES MMO would work would be if it had the complexity of something like Ultima Online.