This is about to become a Morrowind vs Oblivion thread. I can see it coming...
not really the case in this topic, it simply a citation in this case that MW had much better exploration capabilities than OB, its not about which game as a whole was better and more about how the upcoming game can be improved.
Lets hope this doesn't happen.
Back on topic: I think that between dragons and the better dungeons, exploring will be a lot cooler. Dragons are obviously going to add a new dimension to adventuring, and since dungeons are all being handcrafted, there is going to be a point to roaming the wilderness. Plus, just look at the images that have been released, the landscape is stunning. Exploration is going to be great in Skyrim
I am sceptical about the hand crafted dungeon thing. to me that implies that the difference in dungeons in OB and SK will be that their textures will look unique, that wasn't the only problem with places like caves but was only a part along side that some dungeons were either too small or were nothing more than a place with chests and enemies and did not feel... just did not feel right.