Neither? Take the aspects which were great in the games, and fix the ones that completely svcked.

Simple logic, no?

Well, I'm coming back to MW after playing OB for a long time.
1) The journal was done better in OB. Better organised, although I don't care for the quest markers. I'd rather read directions like in MW.

2) I prefer the MW dialogue system, although it was nice in OB so that the NPC faced you when you talked with them

3) "Readying" your spell and then hitting your "attack" button seemed kind of redundant in MW, plus there's no block button, and attacks are basic, only depending on which way you step. So I like the entire combat system in OB better.

3) Toggling sneak mode is more convenient in OB, instead of holding in your button like MW. The sneak crosshair in OB may have been more convenient, but it kinda feels like cheating. A person shouldn't have eyes in the back of their head to know when they're being watched.

4) Bartering system/ setup was done better in MW, although it may have been overpowered. A person shouldn't be able to sell an item back to the same merchant for more than the player bought it for.

5) The ownership issues from MW were thankfully fixed in OB, plus that little red hand icon comes in handy. Would be nice, while in 3rd person view, whatever you're looking at has red text to let you know it's already owned. Maybe make telekinesis spells blue text? Also knocking over and item then using the grab button to prop it back up shouldn't count as steeling. It should only be considered steeling if you actually put the item in your inventory. Plus, how does a shop keeper know so fast, if an item is stolen, unless it was origionally one of their own items. You should be able to sell stolen items to other people than just TG fences. TG fences should only be needed if your looking to buy or sell blackmarket items like skooma or dwermer artifacts, etc. I'm surprised varla and wlkynd stones weren't considered special artifacts by the empire like dwermer artifacts were. Also, only fences should be able to remove the red hand icon from stolen items. If you sell a stolen item to a shop keeper, the red hand icon should remain. IRL just having a stolen item in your posession, even though you didn't know it was stolen, happens to be a crime (posession of stolen propperty).
Edit: the more an item is worth, the sooner the notice goes up to the public that it is stolen. Maybe put in some more "red tape", but make a way possible to own archeological artifacts. legitimitely.

6) The menu system is a tossup between MW and OB for me. Being able to drop finished quest items would be nice. The grab feature in OB along with the drag and drop from the menu feature, from MW would be nice.

7) I like the enchanting and spell making system of OB minus all the restrictions; one should be able to enchant with paralyze, restore health & fatigue as they see fit. Also, if you can find artifacts of apparel and armor with multiple enchantments, there should be a way for the player enchant like that as well. Also bring back the on use enchantments, but have it eventually wear out and break permenantly like Daggerfall. Add parchments to the list of enchantable items, but make them only good for one use and not capable of constant effects; sort of like making your own scrolls.

That's all I can think of for now, but I'm sure there'll be more once I play MW farther.

Morrowind was mind-altering for me. So many paths to take, a rich lore, non-scaled enemies, lots of different weapon types, consequences for joining certain factions, a compass & quest marker free interface. Oblivion was far better visually with atmospheric effects, blood, grass, flora, the quest journal layout, etc. But Oblivion lacks depth; the scaling system, the nerve-wracking 5 actor voice overs, the "easy" hidden exits for dungeons, the non-constricting classes (mages at lvl 35 wearing heavy armor using a shield). Every time I play Oblivion now I feel as if I'm playing a first person shooter and not a role playing game and I tend to get bored after playing for about 30 minutes due to the scaling system and the "ease" of the game. In Morrowind I was forced to explore, to spend an hour looking for a door on a beach, to read the books and lore, to really delve into the world of Tamriel. I loved it how I could "break" the game if I sold some piece of armor without knowing its importance. I loved it that I couldn't join every faction with one player, knowing that I would have to start a new character and play through a different faction line. I loved how I would have to traverse the entire dungeon or cave back to the surface instead of hitting a panel, opening a hidden door and returning to the front of the cave. The little drudgery's and pains helped to immerse myself into the game and that is what I think Oblivion lacks, immersion.

Oops, my mistake. I misread then.

They didn't put any sort of companion share (except for Tribunal) because there were no "real" companions. Since the Elder Scrolls aims at a lone hero doing the kills, instead of a party-based RPG like Baldur's Gate.

But I sure would like companions sometimes. Passive companions who can help you. Such as the Fighters Guild warrior who swore an oath to kill a Daedroth in Morrowind. She would follow you around the daedric ruin and taunt the monster as you approached it. I loved that quest.

Or the naked barbarians who follow you. I would have liked to be able to at least give them a pair of pants.

Neither? Take the aspects which were great in the games, and fix the ones that completely svcked.

Simple logic, no?

Hit the nail on the head. MW enchanting and other spells capable from day one - not some "lecturn" you have to click on to do it. MW vast world with many plots and things going on. OB combat and mana regen and graphics. (Personally I hope we can have graphics as good as OB but streamlined to work on moderate comps of this day) Oblivion (at high res) was very crunch-heavy and hard to run on even a good comp today..... never mind one of 2006.

Somebody quote me on this:

Morrowind = Xp, A good solid build usable today
Oblivion = Vista, Under appreciated and better than people claim
TES 5 = Win 7, A finished improved version of Vista?

Most certainly Morrowind.

One of the biggest things that i want to see brought back is just the variety of items and equipment combinations. I want to be able to wear two different types of pauldrons at the same time. I want to wear a robe over my armor. I want chitin and dreugh armor back. I just worry that its going in the opposite direction. I mean, oblivion was vastly dumbed down from morrowind in the item area, and fallout 3, if were counting it, was dumbed down past oblivion. In F3 you could equip an outfit, hat, and weapon. Oblivion was curiass, greeves, helmet, gauntlets/gloves, boots, and a weapon. I want it to go back to curiass, left pauldron, right pauldron, greeves, left boot, right boot, left gauntlet/glove, right gauntlet/glove, helmet, robe, shirt, and pants. I've missed that level of customization so much.

This is kind of funny. Everything you said about Oblivion, that it was more atmospheric and felt like a real world, is what a lot of people say was the best thing about Morrowind.

At first, I hated the fatigue, failing system of Morrowind, but as soon as I found a good trainer and leveled up, I liked the failing system better.

That's... pretty much what we've been discussing

What about the fatigue system?

How at first you always fail, but once I started leveling up, then I thought it was cool, and made me feel good about myself again.

I was sad because I always failed, so it got boring. Then when I trained, I got better, and started failing less, and liked it more!

In terms of atmosphere, diversity, immersion, world-design, fast-travel, etc. like Morrowind.

In terms of combat and magic, like Oblivion.

I'd like to see a game not simplified for people who have no patience or intelligence. No quest-markers, no fast traveling all the time, no spoken dialogue (because it's shorter, just don't voice it and make it more rich like in MW).

I don't care if it has the greatest graphics ever, Morrowind is of 2002, and still looks great to me. Oblivion was far too much eye candy and too less TES.

i disagree with all of this, dialogue should most definitely be spoke, otherwise we wouldn't know in what tone they are talking in and it would take away alot from the gameplay experience. fast traveling should be there also, if you don't want to use it don't, no one is forcing you to. and quest markers should be there too. maybe not for everything (like showing the character exactly where the quest item is) but it still should be there. i am not saying you are wrong, i just disagree IMO

Spoken dialogue has huge drawbacks. For one thing it makes every line of dialogue more expensive and take more disc space... that's why Oblivion had like, 1/10th the dialogue of Morrowind. No thank you. Secondly, spoken dialogue means modders are at a big disadvantage because they're not going to have access to the voice actors. All the quests in my Oblivion added by mods are creepily dialogue-free. No thank you x 2.

Also he didn't say "no fast traveling" he said "no fast traveling ALL THE TIME" e.g. fast travel should be integrated into the world and something you need to learn about and plan ahead with instead of mindlessly just clicking on the map where you want to go.

what was so great about daggerfall's character creation? i have never played it so i'm just curious

Maybe Beth could get rid of the game added quest markers but keep the ability to stick markers on your own map like in OB (shift+click). Sometimes I use my own map markers to remind me of a personal errand I wanted to do, or that I had some of my own business to do at whatever location, while I'm in the area. Helps me to reduce the number of double trips. Also would be nice if Beth brought back the map notes capability from MW and integrate them with the map markers. Have your own map that you can make sticky notes & markers all over the place. Sort of like a map on a bulletin board and thumb tacs in it.