Speculation that Bethesda is creating an MMO based on the Elder Scrolls world has been unofficially confirmed via documents made public in a court battle the company is having versus Interplay. The court battle is regarding the Fallout trademark, which is mostly unrelated, but nonetheless documents used in court did reveal some interesting info about the new Elder Scrolls MMO.
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Yet Nintendo learned from this failure. In EPIC fashion. Four years later, with the release of Zelda: A Link to the Past, fans could once again rejoice as the series restored it's original bread and butter top down RPG gameplay. And since then they've taken a conservative approach to intelligently evolving their games throughout each generation of gaming. 