Bethesda has always relied on top of the line technological innovation that makes us forgive all the jank that came with it. Whether it was a bad combat system, a level scaling mechanism that just doesn't work, uncanny graphics... this has always been there. It's the opposite of the old Nintendo Way, where the games always were less ambitious, but had so much polish that the games counted as mirrors.
We've reached a moment of much diminished returns though. 5, or even 10 year old games aren't so technologically inferior that they are uncomfortable. A very shiny things has more trouble covering for jank, and high budget games are just so expensive that neither coherent vision. nor significant innovation are likely. So the Bethesda way is just not workable anymore.
What I'd want Bethesda to do, Breath of the Wild/Tears of the Kingdom meets Morrowind/Oblivion, is just really hard to wrangle logistically. Getting anything done under those kinds of constraings just takes too long.
