Do you know if you still get the sack like morrowind,
Say i left 50 swords on the floor. when i came back they were in a sack called "Projects stuff"
You mean the "overflow bag"? No, you won't get it anymore. The only possibilites to store stuff safely are:
- Player owned houses, the containers there don't repawn
- Some rare non-respawning containers, like the hollow tree stump in a backyard in the Imperial City Market district or those "Torn sack of grain".
- There is also a list of http://www.uesp.net/wiki/Oblivion_talk:Containers#Other_.27Safe.27_Containers.