Known fakts: mid-end GPUs abuut as strong as high-end CPUs
phisics cards comming out soon (or have they come out already?)
1GB video memory is not far from now
people want ever more realistic graphics in games

question: will we see our enemy sweat in fear while we start cutting his/her hair with an axe?
how much realism is healthy? how much sells?

This isn't really about Oblivion is it? Nor is it about an older game or about something general,

anything regarding TES 5 or TES 50 at this point is nothing but speculation and since we don't really have a section for speculation ;)

I think I'll lock this