I don't put much stock in that speculation myself. People were wondering if Skyrim would use it prior to its release but Bethesda made their own engine for that, and I believe even John Carmack said it wasn't really suited for the sort of stuff they typically do. And odds are Bethesda will stick with the Skyrim engine for at least another game if it's already there and better suited for their open world style RPG's. And it would make sense too since Rage and id tech 5 were in production before id were bought out so it was never made with Bethesda in mind.
Going forward though, I wouldn't be surprised to see id work on a new engine with a future project which can be expanded/scaled to do whatever Bethesda is looking for as well. I'd even say they'd be almost stupid not to given id's tech expertise (Rage launch issues not withstanding) and the fact that John Carmack is a legitimate genius.







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