I have also played morrowind for many years and have gotten fairly good at managing files in that game, not that I ever modded but used over 100 mods on my system at once. This is only relevant because after installing the game I placed my old savegame file in the oblivion folder along with the config files. I reasoned that if the game were invalid that at worst I'd have to uninstall then reinstall the game.
Since I'm already posting I'll ask a few questions that I've wondered about but weren't serious enough to warrent a forum topic. Oblivion doesn't recognize my video card and has set my video settings to medium. The game plays and I'm not sure but I think my card rates half way between medium and high. My game lags a little if I am in a large combat with my video set to high, but I am withholding my opinion for now. Occasionally I'll hit a point within a cell at which point the screen goes black. I'm sure it isn't a spell effect and if I step in any direction or shift my view (mouse direction) the video comes back on.
Here are my specs:
Amd athalon 64x2 dual 4200+
2.21ghz, 3.25 GB ram
Windows xp pro service pack 3
Nvidia GeForce 8500GT
I do need to download the updated driver for the video card, but I don't see a savegame issue steming from that and the video issue happened with the same card with the latest driver.
Thank you