If they made Oblivion without the "enemies level up with you!" and without the "The whole world looks pretty much these same, so you don't need to explore!" then I'd be happy. Basically more like Morrowind when it comes to those two things, but everything else I'm not heavily bothered by. Then again, I never played Oblivion long enough once the portals opened because everything was exactly the same and I felt no real point in doing anything. I loved Morrowind for how learning how to walk on water would allow you access to previously unaccessable areas, etc.