To quote Grogan (some of you know him from BBF) this game is wonderful.
Have played around five hours worth, up to level three, several quests completed, it's becoming addictive.
It does not remind me much of Oblivion I thought and then I realised why. Trekking across the countryside at night I killed a few Mud Crabs and it hit me - that was a pure Fallout 3 moment. And of course it's the same engine isn't it, not the one they used for Oblivion.
The Fallout 3 influence is there and I think that means they'll never quite capture the Oblivion atmosphere again but that's not really important, this game is quite good enough in it's own right.
There's a lot of humorous moments with dialogue between certain characters and some puzzles to solve sortta tomb raider style. Thus far, I haven't used magic at all, have been killed a few times, twice by a Giant who I couldn't kill so I just skirted round him on my way to the top of the mountain.
Another good thing about Skyrim is I can come back from the pub (like I did last night) play this game and it still makes sense, lol. Well, mostly sense, basically I can wander about and not get killed which I can't do with most fps's when I'm soused.