Yes, you said "younger generation", but don't you see that comes off as an insult to the older generation that may feel Oblivion is far better between the two? It insinuates they like kids games and it's just not true. Both games were made for gamers and fans of the sandbox rpgs that TES is. Each game is different and they have always said they start anew with each game. They don't target anyone any more than anyone else. And if they wanted to target the "younger generation" they would surely not add the mature content that they seem to put a bit of in each and every game.
I can't say which I like more because quite frankly I love them both. I'm an old woman. My grandchildren like Morrowind most however. I'm not sure why but believe it's because they understand more of the quests. For instance they understand the fed ex quests which are much more common in MW. Go escort this lady to Ghostgate. Go take this booze to the miners and such. All I am saying is don't pigeon hole certain people of an age group or intellectual level or social group or such as the ones who like one or the other game because it's a generalization that doesn't pan out most of the time and comes off as a bit insulting. It's always best just to accept that different folks like different strokes despite their age or level of education or experience or what platform they play on. To say differently is to ignore half the folks on this board.
I've never understood why folks have need to debate something in which there can be no clear winner. Why it matters that someone else does not see things their way. Would we want the series to have stopped after MW? Would we want them to keep remaking the same game over and over never trying anything new? Can we not just point out what we ourselves liked and disliked about each and cease the "tit for tat" bickering and insulting and suggestions that one is dumbed down or the other is stagnant or whatever forever?
Oh wait, no you can't. You must prove your choice is the superior choice. (not you specifically but speaking of each side's individuals.)