I would seriously advise against attempting to obtain any fun from morrowind on the 360 - the framerates make it virtually unplayable in alot of areas. If you have to go the console route, I would strongly suggest playing the original xbox version
Um, I am having fun playing it on the 360.
When you get GOTY, save a lot. It crashes all the time on the 360.
Seems to depend on your disk. I have owned several, some of which crashed repeatedly, but others did not.