Yes and no. There is a line in the ini file that sets the save folder, but only as a subfolder of My Games/Oblivion/Saves. I don't think it's possible to not use the My Games folder.
Yes and no. There is a line in the ini file that sets the save folder, but only as a subfolder of My Games/Oblivion/Saves. I don't think it's possible to not use the My Games folder.
Edit: the line in ini is the following:
SLocalSavePath=Saves\
There's also the :
bUseMyGamesDirectory=1
line which can be set to =0 to not use the My games folder for the saves -- I think by putting a path in as the SlocalSavePath and changing the bUseMyGamesDirectory=0 then you can use a different folder for saving ! (never tried it but should be how it works !)