I loved Morrowind and it was a huge improvement over Arena/Daggerfall back in the day, which showed their blah random-generated-ness in spades. In total, I probably spent close to a year of my life in real time playing that game between all the modding and playthroughs I did between its release and Oblivion's release, so I have plenty of experience to draw from.
Oblivion was a major disappointment for me, which I understand is an opinion that many fans of the series have shared. No need to go on about that.
I was eagerly anticipating Skyrim but was also to be disappointed if it followed too closely along the lines of Oblivion. I'm ecstatic to be able to say that I love it, and I'd take it over Morrowind. While I have a lot of nostalgia for Morrowind, the game is oldschool but also just old at this point. The improvements made to systems as basic-seeming as NPC schedules would push Skyrim ahead in comparison and make it feel much more organic and immersive (the more closer-to-nature graphics don't hurt, either), yet I don't feel that Skyrim is lacking much of anything over Morrowind in terms of scope, complexity, or attention to detail.
I'm afraid I can't share your opinion on this one.