Now before anyone thinks this was operator error, first, I name all my saves through the console commands, ala "save JoeShmoe-Main" and "save JoeShmore-Backup". I always, always look carefully after having clicked a save to make sure of what I'm saving over, even with the unique saves that I've created, because all the save games are lumped in one place. This had been working just fine until right now. For the love of all that's holy, PLEASE Bethesda, update game saving so that each character created has it's own save area, like every other game out there. When I play Mass Effect 2 I don't have to worry about overwriting a different character. It used to be that the only problem on the 360 version of Oblivion is that the sorting of saves was whacked out all the time so you had to scroll through all the time to find your latest save instead of it being at the top where is should be (I never had that problem on my pc version of Oblivion....yes I have both versions, pc for me, 360 for my nephew when he visits).
Again, this is a potential hideous problem here Bethesda
***EDIT***
I failed to put in the above post that I did this THREE times, because the first time it happened, I thought it was my own fault, so I had to do it again, and yet again, to be sure of this happening before exiting the game and coming here to post this.