It seems like it, the intro soundtrack has a sequence from the Morrowind soundtrack sang by "vikings". And it seems there will be dwemer ruins with some familiar monsters :celebration:
I also think Skyrim will be more edgy than Oblivion, like less generic fantasy and more otherworldly. And there will also be harsher landscapes, which I look forward too.
And I think the characters in the game wont suffer from large behinds :twirl:
I do believe Skyrim will feel more Morrowind'ish than Oblivion. But I could be wrong so I don't have any expectations of it. In any case, it doesn't matter. Morrowind came and went, and it was great. Now it's Skyrims turn.