No. The current incarnation of ESO is not what I was sold on, and what seemed likely, in the early days of PC launch.
The implementation of ESO has convinced me that TES should stay in either single-player or small-scale multiplayer. For an MMORPG, there is a lot more MMO than RPG. And, hopefully, the approach to monetization in a single/multi-player won't be as distasteful.
TES games should exist, possibly even continuing the storylines that ESO gave us... but there are just too many compromises in making it an MMORPG.