There've been a million threads on this already.
Long story short:
Morrowind fans are never going to be happy, even though the answer to this problem in the end really is going to be, "just don't use it" because it's the only choice it seems. This horse has been flogged for too long.
I thought everyone had read the arguments against the "just don′t use it" crap. It′s not that simple, either the game is designed around having fast travel or it is not, with fast travel like in Oblivion you get...
- Less immersion (... I don′t need to say anything here)
- Less realistic landscape (if it is given that people fast travel to the next cave there will be put less thought into the location of the cave, they just expect players to just teleport in front of it and walk in anyway)
- Less realistic public services (they won′t bother with public transport services beyond horses if there is Oblivion fast travel)
- Worse design on monster distribution (monsters are generally put around points of interest, when it stops mattering where points of interest are the distribution of monsters becomes chaotic and unrealistic)
And I′m sure there are other bad things related to the Oblivion fast travel I missed, I generally do not want it back the way it was in Oblivion, heck I′d even not mind if any sort of fast travel was removed entirely, but that′s not gonna happen.