It looks like Bethesda has opened a new studio, called Roundhouse, in Madison, Wisconsin.
The staff is actually comprised of Human Head which was recently shuttered. Studio Head Chrise Rhinehart explained,
“Sadly, we had to wind down the business of Human Head Studios and close its doors, which was particularly devastating due to the passion and creativity of the team we’d assembled. We reached out to our friends at Bethesda for help, and they saw that same creativity and passion in our team. With the formation of Roundhouse Studios, Bethesda offered every employee of Human Head a position at the new company. We are excited our team will remain together, pursuing the work we love, as part of a company we already know and admire.”
As to what will be developed there is a mystery.