For me the mods would be the only thing that would draw me to the PC version, but I'm sick of modding Oblivion, it's long and painful when it decides it's going to crash because of one minor little mod, and after going back to the Xbox 360 version yesterday I got right back into the world of "Vanilla" Oblivion and was refreshed at how simple it seemed and how well it ran.
Sure, it's not perfect, but I can just pick it up and play it and it's still solid entertainment that I can just lose myself in.
I do appreciate the incredible amount of high quality mods on the PC though, just don't feel the need to go through all the effort when Skyrim looks good enough as it is.