Except Vanilla Oblivion wasn't that great at all. It only became good with that ridiculous scaling system was gone, so if they go back to Morrowind's system then all the better. Infact, bring back Morrowind's exploration and expand upon Oblivion's combat.. then you got a winning ticket.
I agree.
Magic in oblivion for example was very unbalanced and weak as well as archery compared to melee. Melee was very easy and fast to train in oblivion, archery and mage took longer because you have to aim and fire, and it wasn't as strong as melee compared to melee's capabilities.
Although we are expecting an entirely new gamefeel, i just hope it is as great as morrowinds.