Fallout 76 is a prequel to all the Fallout games, and is 4X the size of Fallout 4 and will be set in the America’s state of West Virginia East. All new rendering, lighting, and detail engines will give up to 16X detail compared to Fallout 4. It looks pretty damn good too. And yes, Co-Op online play! In fact the entire game will be online. Yes, you can play it solo, completing quests and leveling up. But also, multiplayer teaming will be an option as well. Open world, survival, with every player and person being “real.” Death never means the loss of progression or your character. You will be able to join your friends whenever you want and your character’s progression goes with you. A wide open world with very few rules, where you decide who are the heroes, and who are the villains. However, the easiest way will be to team up and survive together. And as a just for fun thing, there will be multiple controllable nuclear missile sights on the map in case the neighbors piss you off. All this will be out November 14th this year. There will be a beta rollup as well, but dates where not given.
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Source: [H]ardOCP – Fallout 76 Reveals Co-Op Play and Details