Good ideas in this thread. Provides a new perspective to me based on how other players take on the world of Tamriel...
My rules are simple, not that sophisticated:
1) I choose blade or blunt. Never both, mostly blade( has cooler weapons, and are faster). BUt still I do lots of magic and some marksmanship.
2) I have mods that add a eat/drink/sleep requirement, so I do that regularly.
3) I like to help people, so I usually do all quests. That too with a neutral bent, not trying to good always (e.g., I returned the Honorblade of Chorrol to Fathis Ules, not the City).
4) I am not a good marksman, even though I'd like to be one. I try to get in a sneak shot, but don't run around trying to shoot enemies as they approach...
5) I like to take regular trips to the inns to eat/drink and rest generally.
6) No fast travel, ever. I despise the mages guild teleport added by Frostcrag as well...
What I don't do yet, but would like to someday:
1) Change clothes in the city to civilian.
2) Don't do all quests, especially not necessary to join all guilds.
3) Always walk - that just seems tedious, given the walking speed... while running, it takes forever (as it should) to reach one city from another - but walking is taking it too far...especially with the limited time in RL I get to play Oblivion...
4) Use daggers/shortswords with bows. I guess I never am really good at playing rangers as they just don't do enough damage in an FCOM game...
5) Focus on one school of magic only. I usually end up with Conjuration, restoration and destruction, but in my current game, I am just about an apprentice/journeyman in everything...
6) Bathe. Hygiene has to have some importance, don't you think so?