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helios1 Tim Cain works for Obsidian since New Vegas was released ( some months maybe a year after the game was done)
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BAD INTERNET = DOUBLE POSTS
This makes me more excited for the possibility of another Obsidian Fallout.
That is highly unlikely.
How come? Didn't New Vegas make Bethesda a lot of money?
Yes, but since Bethesda fucked Obsidian over royalties, the two aren't in very amicable terms. Diplomatically, it was all fine on the surface, but under it was a bit different. Besides, Obsidian associated themselves with Fargo and his work, who openly criticized Bethesda for the said controversy, among other things.
However, that all wouldn't be all that much of a problem - if Bethesda was satisfied with the product. FNV sold well, but it didn't go all that well with Bethesda's target audience. Their main criticism was that it wasn't, well, Fallout 3. A dumbed-down sandbox shooter. Bethesda may make shitty games, but they know how to make money off those. Commissioning another studio to make a game which would fail to satisfy their core audience probably isn't a very profitable move. In reality, any new game with a Fallout title would sell well, but I believe Bethesda would like to keep their creative force behind those and make it their own way - which is something FO4 seems to affirm - from what we have seen from previews, Bethesda hasn't really learned anything from Obsidian and will probably keep doing things their own way in the future. Fallout 4 will be what FO3 fans are craving for, since most of them were unsatisfied with FNV. Bethesda making another experiment of doing a game which would satisfy niche more is highly unlikely.
As for Tim Cain, he is certainly important in Fallout history, but I don't think he would have much say now. AFAIK, he is now a "regular programmer" at Obsidian, not a lead designer or anything, and is satisfied with his position - though I could be very wrong about this one.
That being said, Bethesda could probably decide to allow another studio to make another spinoff - they allowed one to be made for iPhone, after all - but the said studio being Obsidian is not very likely. Not to mention that most of the creative force behind FNV has already left Obsidian (and I'm not talking about MCA) and Obsidian seems to be focusing on more "mainstream" titles - see Armored Warfare - so I don't think there's much hope that we would have a proper "FNV2" on our hands ever.