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[UPDATE] The Elder Scrolls V will utilize new game engine

UPDATE:

Bethesda has confirmed via a press release that The Elder Scrolls V: Skyrim will be released on PlayStation 3, PC and Xbox 360 platforms.

ORIGINAL ARTICLE:

Bethesda has squashed fears that the studio plans on regurgitating Oblivion’s game engine for the upcoming fantasy sequel The Elder Scrolls V: Skyrim, with community boss Nick Brecon confirming the follow-up will benefit from all-new technology.

Writing on Twitter, Brecon commented, “We can now confirm that the TES V: Skyrim engine is all-new. And it looks fantastic.”

Furthermore, he also confirmed that the engine is very much an in-house affair, stating, “It’s a new graphics/gameplay engine built internally. We’ll have more details down the road.”

Skyrim was finally unveiled during the Spike 2010 Video Game Awards over the weekend after heaps of speculation dating back well over a year. The game serves as a direct sequel to the events that transpired in The Elder Scrolls IV: Oblivion.

The Elder Scrolls V: Skyrim is pencilled in for release on November 11, 2011. Platforms have yet to be announced.