THis is one of those cases where we can't just put in real world mythology into the already well established TES mythology. Just because X is a certain way in our world, doesn't mean it has to behave the same way in TES. Clearly, influences exist. But don't get bent out of shape just because it isn't a perfect mirror of what you expect to see.
True, just seemed to me that vanilla Oblivion vampires were way too weak. I only made a serious vampire character after installing Nekanimal's vampirism mod, vanilla vampirism was just sun damage + ugly button + miniscule stat upgrades. I wouldn't care too much if vampires were like previous games though, I can just wait for a mod.