Very satisfying and worth the long wait. A few glitches keep it from being a masterpiece.
The mature story delivers so far, and the gore while excessive feels stylistically right, just short of going over the top. However, a few graphical and gameplay glitches I've encountered so far keep it from getting that perfect score. Power and console gamers playing this on PC might find the pace a little sluggish, but the it makes each battle feel more worthwhile and has yet to feel tedious.
The promise of more DLC and the undoubtedly generous future amounts user-created content will keep this game fresh. An Oblivion that most people will actually finish.