I seem to hold a different viewpoint from many here... To me, Skyrim has every appearance of wanting to dabble a little bit in all of the prior TES games - though certainly with a bias towards the more recent one - but still be something clearly apart from prior iterations. They're doing enough 'new' things with it, from the leveling and combat to the crafting and dragon shouts, that Skyrim looks like it will be its own beast rather than any combination of prior games.
But what about the ARMOR SYSTEM?
Will it be better than morrowind's or worse than oblvion's ????