Hi, I haven't played Oblivion in years and I've recently modded up a new game. My machine is far and away more powerful than the one I played on back in '08/09 and yet even with the 4gig patch, I'm not getting the kind of FPS I would think possible. Back in the day I was playing with AEVWD, Qarls IIIR, higher res distant LODs, All Natural, AWLS, etc... lots of other mods and so on and I'd get around 17 or 18fps. That was on an E8400 dual core @ 3.0ghz, 4 gigs of ram and SLI 8800 Ultras.
Today I run an i5 quad at 3.6, 16 gigs of ram (most of which I know isn't used), and SLI 560's (2gb effective vram). I'm playing with many of the same mods and I'm getting around 26 fps. This is with streamline, Operation Optimization, and OSR. I haven't messed with the INI yet at all.
I guess my question is this: is there basically a cieling at which it doesn't matter how powerful your rig is? Sorry if I should have posted this in hardware.