Bethesda announced The Elder Scrolls VI five years ago at E3 2018, but the new fantasy RPG is still “five-plus years away,” according to Phil Spencer..
I definitely shared that opinion a few years ago. I found Fallout 4 disappointing, Fallout 76 was a disaster (I've heard people say it's better now, but I still feel like a lot of the design decisions are at odds with Fallout as an IP) and they were making a lot of poor decisions.
But I can't help but be optimistic for Starfield. It's not just the recent presentation that gives me hope; everything I've seen about their approach to it and their design philosophies seems promising to me. I'm sure it'll still have some of that traditional Bethesda jank to it, but I'm more than happy to accept some jank if I get a proper RPG with some good player agency.