Seems that way.
https://www.techradar.com/news/fallout-5-release-date-trailer-news-gameplay
I mean….I’ll be long dead and buried before it sees the light of day, but…yeah…
https://www.techradar.com/news/fallout-5-release-date-trailer-news-gameplay
Fallout 5 is on the cards but its release date is likely a long, long way off, with Bethesda's Todd Howard confirming it will be the studio's project after The Elder Scrolls 6 – which, in itself, is a few years off.
The last time we saw a mainline Fallout title released was Fallout 4 all the way back in 2015 and the most recent entry in the series was 2018’s online-focused and underwhelming Fallout 76, so it makes sense that another single-player Fallout adventure is on the horizon.
Bethesda certainly has plenty on its plate right now, with Starfield due for release in 2023, following a delay. After that, the studio will shift its focus to the highly-anticipated The Elder Scrolls 6 and, only after that, will it move on to Fallout 5. In other words, we'll be waiting a while for solid details on the new Fallout game and even longer to get our hands on it.
I mean….I’ll be long dead and buried before it sees the light of day, but…yeah…