You are right my friend. I set off on a quest to find all of the locations in Oblivion and am still not done even with 125 + Hours of gameplay. And I have made 5 characters that have all had over 90 hours of gameplay so that was alot of oblivion for me. I still need to do Knight of the Nine Areas and Shivering Isles areas. And then there is the 2000 + mod areas to explore. Sigh, too much, too much. But then the sheer awesome feeling of exploration will destroy my soul if I don not feed it.