That's why I posted that I would be happy if graphics looked like the game "The Hunter" and "Red Dead Redemption".
Red Dead Redemption is fully comparable. It's a console game, huge world, lots of quest, lots of stuff to do, very nice graphics, etc.
I'm not 100% sure yet about the graphics though. What I've looked at have been rather blurry photos...
RDR is graphically inferior I will tell you that right now. Even from looking at blurry screens and owning RDR. Besides, both of those games are empty compared to things you can do in games even as old as Oblivion, possibly Morrowind. The Hunter has 8 huntable creatures, with 4 possible skins (1 default, 3 rare), 9 weapons, 6 characters and 21 items. I took all of that off their official wiki. You encounter more stuff than that in the tutorial of Oblivion (Axes, Daggers, Bones, Other decorative items, alchemy tools, goblins, rats, zombies, assassins, swords, bows, etc.).
RDR has a lot more stuff to do and a bigger area but even that is relatively small and undetailed compared to Oblivion. Unless you are in 1 area of the game you will almost never see a tree. Towns are spread out to a several minute walking distance from anywhere else where people may be, excluding the random camps of 1-3 people. Whats more only about 6 buildings are usable in every town, instead of every building in Oblivion.
Comparing Apples and Oranges is pointless. They are both entirely different and both delicious in their own right.