Well, unless it's been hyped for years and years, takes the elder scrolls up a visual dimension and happens to be one of the only really good games on a system for years, then I don't know how it could be...
Also I'm not holding my breath for skyrim, it will probably be a good game, but then again looking back at bethesda's history for making realllllly shit story telling as of late, I'm not really excited, just watchful, I enjoyed oblivion to an extent, but the storyline was such a boring slog I never finished it, Fallout 3 was alright but it didn't seem to fit in pretty much any fassion asside from it being all F'd up and irradiated, the story was pretty lame, and samey feeling, nothing really exciting, better voice acting and story telling than oblivion but still not too big of an improvement, of course obsidian got dibs on new vegas and made in my mind the true fallout 3, it had the fallout feel to it, not like fallout 3 which felt like it was making a serious attempt at aping the fallout canon but really falling short.
So unless they get a fresh cast of writers, and maybe put some REAL effort into the story this time,(which I haven't seen anything about all I've seen is them masturbating their engine at us, which shows me that it's fairly polished looking and that's it) my gut reaction is that it's just gonna be another "alright" game, so I'll wait and see, and maybe pick it up in a steam christmas sale if it's there for cheap-ish.
Nothing about it really screams "Legendary" or "Revolutionary", so I'm going with no it won't be this generations OoT.