The lore makes this game very, very interesting.
However, if it is a generic third person MMO, it'll hurt the franchise more than help it. I'm just glad Bethesda is not making this, they are focusing on Fallout 4, a different dev team is making this.
"You lack the requisite spine and testicular fortitude to study under me"
"You do not know the first note of the music that moves me."