» Sat Jun 25, 2011 6:35 pm
I had this. I always thought it was my keyboard since whenever I pressed ' it would appear as a colon. I recently got a new Keyboard, but I haven't played Oblivion since, so I don't know.
However, I run Vista with Media Center on it, so I think it's that.
EDIT: Just played Oblivion, and it was my keyboard. The console opens fine now.