Morrowind was on the Xbox too, just saying.
Let's be accurate. Morrowind was PORTED to the Xbox. Morrowind was DEVELOPED for PC. The port happened to be a good port from PC to console.
However, starting with Oblivion, Beth developed for console, then ported to PC. The problem with this approach is not the it is inherently bad, but rather that it is quite apparent that the subsequent games (i.e., Oblivion, FO3, Skyrim, and including FO:NV with Obsidian) were not optimized for PC versions, unlike what happened when Morrowind was ported (and optimized) for Xbox from PC. In all likelihood, the main reason for this problem is lack of overall development time. However, that is really no excuse, especially considering that Beth's games have enjoyed global success post-Morrowind (plus the fact that PC is the standard gaming platforrm in various other global markets).
As far as the OP is concerned... honestly, I can't say at this point. I'd lean towards "NO" because of the setting and potential for modding and DLC, but we don't have everything yet. Frankly, even mods may not fix the issues for me unless a decent body mod is offered (preferably Type 3 slim becoming the standard for apparel). Right now, it seems like the standard will be far too "hefty" to put it nicely. Such a body doesn't fit at all with fairy, elfish build nature spirits (my characters), so I'm uncomfortable, right now.