I ask this because I was having this discussion with some friends, and everyone had a different opinon. Personally, I liked Oblivion's Imperials the most, they seemed more powerful, not little skinny things. As for Nords, yeah, Skyrim all the way for me. As for the Bretons, they seemed to have little-to-no attention in Skyrim, but they seemed like the brains of the Empire in Oblivion to me.
As for the Argonians, well, I thought they were a daft gimmick in Oblivion, to be honest. Not sure why. But in Skyrim, while the few Argonians we see either live in the docks of one city and run an inn in the criminal hive of Riften, the new lore makes them more impressive, IMO. Tearing through Morrowind and exterminating the Ashlanders on the mainland is quite a feat. As for Khajiit, eh, I still cannot like them. I thought in Oblivion the more lion-like look, rather than the cattish faces of Skyrim, were better.
Dunmer in Skyrim got the short end of the stick, I think. Dragonborn gives me hope, though In Oblivion they seemed just as proud and strong as the Imperials, and obviously in Morrowind they're awesome.