Yesterday, Bethesda posted three new in-game screens for Elder Scrolls: Oblivion of a troll (above), a nordic town and a forest.
Several screens were also posted in January, and the full collection is available here.
Development of Oblivion has been ongoing since 2002, but no release date has been announced yet.
More info:
The Elder Scrolls official site
Recent Gamesfirst.com Oblivion Interview
The Elder Scrolls IV: Oblivion Interview (12 Dec '04)
Bethesda Executive Producer's open letter to fans
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