I spent many, many hours making sure the rewards are deserving and earned (and still very balanced) for every quest in http://planetelderscrolls.gamespy.com/View.php?view=Mods.Detail&id=7817
All the quests offer different types of reward that might, or might not, compliment your character archetype. (Combat/Stealth/Magic)
But I made an effort to keep the rewards useful for almost any character.
And if you search hard enough in my dungeons, you might find something better than the quest-reward.
Keep in mind that most quests and rewards are designed for characters that are level 1-6
A character of any level can enjoy the quests, but most rewards are aimed at giving a new character a nice boost.
Codo's Belt, FTW... Am I right?... anyone?