If an “exclusive” report from Tom’s Guide is to be believed, then yes. Yes it is. According to an industry source that wishes to remain anonymous, an Elder Scrolls MMO is in the works right now, as I type these words, and it’s set to be officially announced in May.

There’s a bit of info that’s packed into this supposed leak as well. The game apparently takes place hundreds of years prior to any of the other games in the long-running series, for example. Players will be able to cosy up to one of three factions, represented by the symbols of a lion, a dragon and a “bird of prey” (either a phoenix or an eagle, allegedly).

This isn’t all that much of a revelation. There’ve been rumours doing the rounds for ages that Bethesda might take their Elder Scrolls world into the online space, and job listings for MMO developers at Bethesda have long alluded to the possibility of it happening.

Still, should this turn out to be true, it’s huge news. Not for people like me, mind you, because normally I couldn’t give a damn about massively multiplayer malarkey, but for you, and you, and you over there, I’m sure there’s much to be excited about. If the announcement does roll out in May, the game will supposedly be shown off at this year’s E3, and at QuakeCon 2012 in August.

Speaking of The Elder Scrolls, Skyrim has just received its beta 1.5 patch, which adds new ranged kill cams and cinematic melee kill animations, which you can see in action below. This patch is likely to exit beta and pounce on all Skyrim owners very soon.