Yes, a lot of the "flaws" in Oblivion are part of the charm of it. It's not supposed to be "real." A least I hope not...

10. Physic?
- how come someone wearing heavy armor can swim and floating in water?
- how come someone wearing heavy armor can jump so high?

Enemies becoming damage-sponges at any level higher than 15.

Seriously, it should not take 10 mins of clicking to kill one skeleton!

Be pretty fun if it was though, I'd move there pretty fast.

Level scaling. Why have 100 dungeons when you can have 3?

11. I can hangout at inns but can't eat and drink
- why hangout at inns but when you pick food on the table it is a stealing?
- it is better making a mechanic where when we "accidentally" or purposely pick something in shops/inns it is considered sold, so no guard will show up to arrest, if want to steal then there is "stealing" option instead of buy
- i just want to hangout, drink and chat with peoples in the inns

I also don't like that, in effect, we just stand there when we 'sleep'. We don't get onto or even into the bed then have the time go down. Instead it's pretty much the same as waiting. I only sleep when I need to level because I'm just doing the same as waiting.

since you have mention it

12. Cannot sleep anywhere
- as an adventurer, for sure we can sleep anywhere we want, under a tree, on a tree, at back alley, or having own camp set...ect...but we can only sleep on bed or bedroll.

13. Wait is not sleep
- Waiting is not sleep, waiting should have time cap, for sure no one will wait 24 hours without sleeping, should cap waiting time is between 1 to 2 hours.