It's gonna be awesome! And i would pay an extra 5 - 10 bucks to get it for the xbox too! I do hope some goes to 4J Studios though, They are pretty awesome, i love the elder scrolls. MAKE SURE THEY HAVE TEXTURE PACK SUPPORT PLEASEEE!!!
4J studios is the same people who handled the Banjo Kazooie/ Tooie and Perfect Dark ports onto xbox 360 in addition to the Elder Scrolls on the PS3.They have all my support, and I'm more than 100% positive they can handle this.I'm so glad it wasn't some unknown company doing this!
Honestly, I think Notch is going to make sure that we get everything we need: Iconomy, bukkit, all that stuff.However, it will probably be built in, and no mod support. It will be okay, but, ya know, pc is the way to go (for this game)