Here is my quick review after playing around 15-20 hours:
Positives:
+The lighting is quite well done
+The music and ambient sounds are decent
+The graphics can look very nice (at times)
+Great variety in enemies (ranging from typical animals to mythological creatures)
+The crafting and spell systems are excellent and quite deep
+Excellent variety in landscapes
Negatives:
-Terrible framerate on PS3 (seriously, like maybe 15-20 FPS a lot of the time)
-For everything that looks great about the graphics, there is something that looks god awful as well.
-Terrible physics. Example: the thrown objects and arrows have no mass. You can watch a baboon throw a rock and follow it in a straight line as it travels into the stratosphere. Same with arrows. They move in slow motion in a perfectly straight line, with no drop from gravity.
-Terrible voice acting. I know everyone says they were going for a cheesy b-movie style, but it seriously kills the immersion. The main character talks in grunts like a constipated Christian Bale batman, and the rest of the characters sound like they were voiced by a (bad) high school drama team.
-Character creation (or lack thereof) Seriously, one face with a few different skin tones and textures and ONE hairstyle? C'mon!
-Animation and speed of movement is off. Makes the game feel clunky, and combat difficult.
-Glitches. Nothing game killing thus far, but the game always cuts off the last word or two from my PC, and other weird glitches like losing my horse.
-Blur. LOD blur is ok, but WAY overdone, The motion blur while rotating is nauseating.
Overall score: (6.5) I am trying to force myself to play through it, but I just miss the beautiful, polished worlds of the ES games. The one thing I really liked though is the crafting system. Being able to break down components into core materials, and use them to craft and modify current weapons is really cool. The ability to change the color of everything with dyes and paints is really cool as well. I guess that is the one thing I wouldn't mind seeing added to Skyrim.
What are your thoughts? What did you think of TW2, and are there any redeeming qualities you would like to see in Skyrim?