I was literally shaking and shit when I found out about this. I was considering making a thread for it, but decided to post in one of the old ones, which starts off all cloudy and unclear. I'll copy-paste what I said in there here. :D
it's confirmed to be set in Skyrim, and from the looks of it it'll cover the return of dragons to the region, which'll be fucking amazing. It mentions them being lead by 'Dovahkin/Dovahkiin', who I've never read about before, I'm assuming that he's not mentioned in the lore previously, although I don't know everything about TES lore (despite having spent more hours than any normal person reading up on it). The chances are the dragons are out of Akavir, but due to all the focus on Skyrim it could be dragons fallen over Skyrim that have regained life.
I'm dreading the announcement of system specs. My aged rig can't even run the TES site without lag soserious I can't do anything.
Sorry, seems I misheard it. Turns out the line is 'The one they fear', meaning that you'll be playing as Dovahkiin. The expression dragon-born gives the impression that the player will be part of the empire's bloodline, although seeing as that was severed in Oblivion it'd be pretty difficult for that to be true.