OnceLost Games is a recently created study created by veteran developers of the series The Elder Scrolls. Components include Julian LeFay, Ted Peterson, Vijay Lakshman and Ian Phoenix. These guys have worked on many games like The Elder Scrolls: Arena, The Elder Scrolls II: Daggerfall, The Elder Scrolls III: Morrowind, The Elder Scrolls IV: Oblivion, Spyro the Dragon and many others.

All we know so far is that it is study he is at work on a open-world role-playing game with revolutionary "technology and game design", while remaining faithful to old games. Two apparently conflicting expressions but at the moment we have no other information.