well the cry engine is super awesome, BUT well when oblivion came out in 2006 was AWESOME too, i trust in bethesda because evry time an elder scrolls is revealed is the best. just need to see the first page of the game informer magazine, the first time i saw it, i dont even realized that the dragon on the top of the building wasn't an art paint.
Also, elder scrolls is great not just because his graphics, in that point maybe bethesda can't reach the http://www.youtube.com/watch?v=1Kvl31g77Z8 but i can tell you something, at the 2 hours of far cry or crisis i just drop the control, it was just monotonus, but in elder scrolls IV i reach something like 200-300 hours and stills new.
postdata: i enjoy fps equal that rpgs in fact i prefeer fps so that isn't a factor.