The Morrowind concept is very light on detail... can't really picture how it would look in Skyrim's engine.
Okay, not a Tolkein orc, not a WoW orc, nor a Warhammer orc.
Orcs are the mer folk of the god who became a daedric prince's poop.
That's ridiculous and cartoony. Orcs are supposed to be ugly, they're cursed. They looked fine in Oblivion, perhaps just a darker shade of green.
I 100% agree. That looks more like a green human than anything. You ask me, keep them ugly and barbaric looking, but not to the point of WoW or Warhammer, then they become ridiculous.
I should also mention that orcs, in general, are not the strongest race, even though a significant amount of the community seems to think so, or make it look like they are. They are weaker than nords (M&F) and male redguards, and have the same endurance as males nords and redguards (M&F). The female orcs are also have average intelligence (40) compared to all the other combat races, who have 30 intelligence. Where the orcs really shine is their willpower, which is as high as the magical races. However, they do have the lowest personality, they're slow, and they're not very agile. They're meat shields to physical and magical damage, but they're not quite the power hitters like the redguards and nords.