I think it is better than Morrowind and Oblivion. The only thing that annoys me is the lack of the stats/attributes page
The leveling system makes the game so much more awarding. I'm spending most of my recent levels (I'm now almost level 17) on smithing perks. Because of this I'm still slightly weak, but it's worth it in order to make armor etc. and craft it to superior.
The only thing I don't understand though...these games tend to have armors like Fur, Leather, Iron, Steel, Dwarven, Elven, Orcish etc...and now the game has added Imperial armor, steel imperial armor, steel plate, ancient nord armor, falmer, forsworn, hide, studded, this game supposedly has ebony and daedric as well and many other unique looking armors...I found a hide helmet with horns on it so they all look unique but...there should be a perk in the smithing tree where we can LEARN how to craft leather, fur, iron, imperial etc as well as hide. And why don't they add things like Bronze, Brass, Copper, Golden, Silver, Black steel armor? I'm not sure if this game has black steel like in Oblivion but I'm just wondering...even Iron seems kind of strong and a huge upgrade from Leather to Iron..it would have been nice to add some more armor sets between the levels. Had it been that way, I would be wearing barely Steel by now, and not all the way up to Dwarven armor. Not complaining, it would just be better. I recall it was harder to find these armors in Oblivion, and didn't they have chainmail in Oblivion? I loved that...nice gap between..well I forgot which armor it came before but you get the point.
I'm not complaining about the armors, just that they left things like chainmail out and never added something like bronze armor which is pretty simple to make irl. The more armors, the more rewarding it can be. Oh and most bandits wear iron and studded armor, which I love. I'm glad they're not wearing things like full steel or dwarven like in Oblivion. I do recall the bandit leaders however having at least one from those sets, like a dagger or hammer, but I don't think they had any of these armor pieces which means the level scaling is nothing like Oblivion's.
Overall this is really the only thing I recall they could have beefed up. I want WAY more 'crappy' armor sets. I shouldn't be crafting Elven and Dwarven at lvl 16. Maybe It's just been so long since I played Oblivion and I must have forgotten that it was easy to get to Dwarven sets...idk.