Will it be better than Oblivion? No.
Will it be better than Arena? No.
But let's take Oblivion. Was Oblivion better than Morrowind? No.
Was Oblivion better than Daggerfall? No.
Arena? No.
What about Morrowind? It wasn't better than Daggerfall or Arena. And Daggerfall wasn't better than Arena?
What will Skyrim be? Skyrim will be DIFFERENT. The only thing that ever improves is graphics. Skyrim will capture the TES magic, just as it's intended to.
All that's really a matter of opinion. I personally thought Morrowind was better than Arena and Daggerfall. I didn't care as much for Oblivion, but there were some major improvements like combat and even the AI was a lot better (even if it was nothing like Radiant AI was supposed to be). To me, the alien feel of first stepping out of the Census and Excise office and into the strange world of Vvardenfell with no real sense of direction was absolutely wonderful. I really liked the whole idea of being a stranger in a strange land. I think the feel of the world was simply amazing, and much more captivating than any other TES's game world has been so far. I don't know yet if Skyrim will live up to that, but I have doubts. However, it most certainly looks like it will be a great game, just like every other entry in the series has been. :tes: