maybe your video card just cant run oblivion. What do you have?
I havea GeForce 6150 LE
After you ran the oldblivion.exe, did you try running the normal Oblivion.exe? I don't know how or why, but that worked for me on my old laptop.
I'll give that a try.
Assuming you're using the latest patch, did you follow these http://www.oldblivion.com/index.php?page=docs&title=Oldblivion+with+Patch+1.2?
I never got around to downloading the patch; I'll go download that now and then install Oldblivion.
Edit: I have the GOTY edition, does that need to be patched? I tried finding out what version I have but I can't find it anywhere.
Thanks everyone for your help.