UnofficialOverhaul, Q's Texturepack III, OBGEv2 with shaders enabled, OBGE Liquid water, Natural Enviroment, Foreverview, Loading Screens, and some more that don't overwrite files.
Games works perfectly on my rig, no stutters or crashes.
Windows 7 64bit
6Gb RAM, Quad core i7 3.2Ghz, ASUS HD6970 2Gb
Nothing OC'd.
Even with a big windows search, I can't find the .nif file I am looking for (a candle fat model). Either way, the Lights folder just doesn't exist. I tried switching on 'show hidden folders and files' but no effect either.
Should I try reinstalling Oblivion? Is a mod causing this?