As a big fan of the Elder Scrolls series ever since Daggerfall, I'm not really a fan in "that way". You know the way, the one that makes you a gibbering fanboy who hates change or any installment of the series that's in a different genre. I'll reserve judgement on this game until I actually see it with my own eyes. It might become a really good MMO, who knows? Who cares if it isn't "true" to the "elder scrolls way"? They've done big departures to the formula before, like in Redguard and Battlespire.
Redguard owned and adventure games are (sort of) back, I like to think that deep in his heart Todd Howard knows what needs to be done.