Well, I'm disappointed it ain't Fallout, but this could be good. A survival horror made with Shinji Mikami, creator of Resident Evil. Fullscreen, high volume with the lights dimmed really shat me up.
http://forums.bethsoft.com/topic/1456256-look-here-for-game-info-first-thread-yey/
Edit: The above thread on the Bethsoft forums compiles all information and images of the game out there. Looks [i]very[/i] Silent Hill/Resi. Also, it would seem, third person, which is a pity, as first person is definitely what Beth do best.
Edit 2: Ignore me. Bethesda is publishing, not developing the game.
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This looks like some seriously -blam!-ed up shit.