Morrowind may have had a better story, but Oblivion had better combat, Morrowind had a more unique world but Oblivion had better quests. You see where I'm going with this? To have another Morrowind would mean having a game I think none of us would want to buy, a game that wouldn't live up to the standards of a TES title.
Lets remember what those standards are, cause they arent making a game that's already been made...
Oh yea, that's right, to make a game that revolutionizes in every way possible. To make a game that looks better, handles better, tells better, shows better, and introduces concepts never before thought to be possible on a single DVD rom.
What I'm saying is this, don't think that your getting Morrowind back, or that you'll be stuck with Oblivion again, think that your getting something new, something that combines all the great qualities of the series in one polished package.
You're getting SKYRIM.