Got the game running myself (without upgrading my graphics either, w00t!). I'm still getting over the wow of it all. I've entirely sidestepped the main quest with no intention of getting back to it any time soon. Really enjoying the changes to stealth and lockpicking. I hope something is done soon to make the horses more useful. Also been working my way through the Arena. I really love the feeling as you walk up the path to the gate. Feels a lot like living the movie Gladiator. Contemplating joining the Dark Brotherhood, but not sure I want my character to be a honorless murderer. I'm really missing the Morag Tong guild. I'm also quite proud of myself. I know for a fact that the same console TGM code is in Oblivion, but haven't cheated once... I ruined Morrowind that way. Perhaps this is a sign that Oblivion's leveling system is a success.
What kinds of characters are people playing? I don't have mine memorized so I'll need to copy it here later.
btw, Lt. Death100, I expect it probably is possibly. Might take considerable tweaking, but if the Oblivion's modding community is anything like Morrowind's was, it'll probably happen. Especially since the 3rd person mode is so much better than Morrowind's was. I do all my sword fighting in 3rd person now.