Here's some screenies
Sitting on horseMany people in imperial city todayMartial Arts KahjitMy first charracterI run the game on max graffics w/o AA and selfshadows(selfshadows look really ugly, sort of like everybody having a beard) and I have not edited Oblivion.ini in theese picks.
If you run the game on all the max graffics, you should try to edit the Oblivion.ini in: my documents/my games/oblivion/
Here you can set all the setings even higher, I specially recomend to find:
bUseWaterReflectionsMisc=0
bUseWaterReflectionsStatics=0
bUseWaterReflectionsTrees=0
bUseWaterReflectionsActors=0
And turn them into:
bUseWaterReflectionsMisc=1
bUseWaterReflectionsStatics=1
bUseWaterReflectionsTrees=1
bUseWaterReflectionsActors=1
now the game reflects trees people, stones, items and plants in the water.
This you can not add in the game properties.
WARNING: take backup of Oblivion.ini before editing.