I agree that it's a Redguard but it definitely needs tweaking of the skin color. I doubt that's a final version of a Redguard female.
You know you could adjust skin tones in Oblivion? You could make a redguard completely white, or an Imperial black if you did it perfectly. BUt, whether that was intended or not... But you could roleplay with an albino character.
I like how all the races look line so far but im a litle concerned with the ork, in that pic he looks too humanoid, not savage enough. I hope we can adjust their teeth leght or something.
Notice how different it looks from the other orc picture? I think this just means we have a lot more customization now, customization that doesn't always make our characters ass ugly.