It might look like this. It might have My Little Ponies. But one thing that is for certain, it would be totally awesome. Let's call it The Elder Scrolls IV: Equestria.
This clip features footage of My Little Pony: Friendship is Magic, which is the My Little Pony series currently running on the Cartoon Network. The show is helmed by Lauren Faust, who is best known for her work on The Powerpuff Girls and Foster's Home for Imaginary Friends.
The Elder Scrolls is a role-playing game series from Bethesda Softworks. It does not feature My Little Pony, but it really, really should.