I set Bloom, Anti-Aliasing and HDR all off before I even started modding, but I checked again to make sure, they're all off. My video card, if it helps, is Nvidia GTX 260M - 1 GB. and the driver is 306.97, so I doubt it's not an update issue; just thought I would mention all this if it helps.
Not sure how important this is, but here are my Active Mod Files:
00 Oblivion.esm
01 Unofficial Oblivion Patch.esp [Version 3.4.2]
02 UOPS Additional Changes.esp
03 DLCShiveringIsles.esp
04 Unofficial Shivering Isles Patch.esp [Version 1.5.1]
05 Natural_Weather_by_Max_Tael.esp
06 Natural_Habitat_by_Max_Tael.esp
07 Enhanced Water v2.0 HD.esp
08 Natural_Water_by_Max_Tael.esp
09 IlluminationWithout.esp
0A VA_BetterGold.esp
0B Natural_Vegetation_by_Max_Tael.esp
0C Bashed Patch, 0.esp
Thank you.