Let's not forget the improved AI (including their interaction with te PC), voiceovers and a living world, which Oblivion improved over Morrowind (unless you hate voiceactors), which is also being improved in Skyrim. So it will definitely be better than Oblivion, and since the lack of these things is what really puts me off Morrowind, Skyrim will be more enjoyable for me than that also. They are also bringing back some things that I liked in Morrowind like an enchanting skill and handcrafted world, and with the possible exception of the lack of attributes (though I'll wait until I hear how they are dealing with replacing them before I make a definitive judgement) the character levelling and development system sounds much better as well.