Compare Oblivions scenery and waterfall to Skyrims and you might just see what I'm talking about. Please tell me why skyrims looks so much better because all i can really notice is the shading and ripples in the water lol.
Skyrims - http://www.elderscrolls.com/skyrim/media/screenshots/lake-waterfall/
Oblivions - http://www.freakygaming.com/gallery/role-playing_games/elder_scrolls_iv:_oblivion/small_waterfall.jpg