In my User\My Documents\My Games\Oblivion folder there is the Oblivion.ini. This file has the item fGlobalTimeMultiplier which is 1 by default under [General]. I set it to 2, fired up FCOM, and fast traveled to Fort Wooden Hand. Man, people were zipping around like addict ninjas and knocking me left and right at the Roxbury. When I could get some semblance of bearings I fought back along with my 2 CM Partners Azazel and Raewyn. That certainly was some tense turbo stuff, but 2 is 2 fast and 2 furious. I ended the session after accidentally hitting an Imperial patrol and he reluctantly took my money.

I think I will reduce it to 1.4 for now. Unfortunately, I think this also means that I can't use this mod:

http://www.oblivion.nexusmods.com/mods/42976/

Because it uses that particular item to perform the hitstop.