I couldn't really get into it. Part of it is that the game is supposed to be so representative of a massive, living world, but it looked like ass.
That's where mods come into play, because yeah, quite frankly, Morrowind's graphics and the like are noticeably outdated. Modding Morrowind adds a whole other level to its already expansive world - obviously.
If my machine could handle Oblivion, I would play it...