I agree with you about the guild quests but I really haven't played through alot of morrowinds side quests yet.
I'm playing morrowind now and doing guild quests
Go there, pick four mushrooms, return, earn you gold, go there, kill 2 guys, come back, earn your gold.
Besides the terrible journal, it makes browsing quest a pain in the ***.
Oblivion is, in so many ways, better than Morrowind, just blind fanatics fools don't see that.