From what I've seen, it looks like it's going to be an awsome game. You can do whatever you want to, go wherever you want to and, the NPC's (non-playing characters) eat, sleep, steal and go to church! There is a new combat system, the stealth element has been improved, and the graphics are sweet!
I have got Morrowind, and that's a pretty good game. What have you heard or think about Oblivion?

yeah right. i like Elderscroll but they said fable was gunna be like that but it was a let down. Lets just hope for the best

ive got morrowind GOTY eddition and oblivion looks sick!!!!!! but i dont have a bloody xbox 360 wawawa :(
i havent heard much about oblivion