This is merely my own opinion, but MMO's in general have never done it for me. Viewing the gameplay footage available, I know its an unfinished product but it is failing to impress me. The animation and gameplay seem clunky and poor.
I am a big fan of Elder Scrolls as a series, and I would have been far more interested in a more polished and focused experience not unlike Borderlands. Build up a small party of your friends and embark on quests within Tamriel.
With a lower player count, I would hope that the netcode would be smoother and we could get graphics, animation and physics on par with or better than Skyrim. But as it stands, it just looks like another bland clunky MMO.