With a NO-CD patch, I can use default Oblivion but nothing else.

Just so that you guys know, I did purchase the game (and took many painstaking hours downloading and organizing my mods). Anything I can do?

not sure, but i dont think your supposed to talk about No CD "patches"
and no, i dont think so, OBSE looks for a certain version of Oblivion's .exe, so if thats changed, OBSE won't run. thats why you have to update the game before using OBSE (just what i think tho. i could easily be wrong)

Discussion of no-CD/DVD cracks are not permitted here. You need to use a disc to run the game.