From what I saw from this game, I think I'm looking more forward to it than PD0, but we'll see.
And about oblivion, well, most RPGs give me headaches (will I be able to survive late ron in the game if I choose to use a bow an arrow and saacrafice levelling up my sword skills for a while?). Maybe Elder Scrolls is different, I dunno. I never played Morrowind, but previews in october/november should tell me what I need to know.