Just make a save at the sewer gate(oblivion) and load it whenever you want a new character
Only that doesnt really work on xbox, because you dont have seperate folders for saves, or ways to name them.
Therefore it is very easy to accidentally delete or save over that file in a moments inattention.
And then you have to do that whole long winded aimed at dummies tutorial again.
So a Morrowind style intro is best. Short and sweet.
While nothing beats the sheer relief of finally finding the exit to the starter dungeon in Daggerfall, its simply unfun to have to do it fifty times.