Well I think after the release it was mentioned that Bethseda was split into 3, 1 part doing non elderscrolls stuff, another working or planning on the next elder scrolls and the last part working on oblivion stuff, whether that is just mods and patchs or includes expansions I don't know.
I don't think they will go to Hammerfall because of Daggerfall. A lot of people suggest Summerset Isles because apparently "there is all this talk about the Summerset Isles in game", but Summerset Isles is one of the least mentioned provinces, Valenwood, Elswyer and the Black Marsh get atleast twice as many mentions. I don't really care to speculate where they will or won't go next but Skyrim is a possibility, but so is everywhere else.
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