Gothic 3 > Oblivion
After playing 5-8 hours and after liberating my first town (other than the intro town) of orcs, this game rocks!
The graphics are fine, in fact the textures look more realistic than Oblivions, more gritty and natural.
The story is good and so far very non-linear
The NPC AI is almost neck in neck with Oblivions, although with all the bugs (many which are addressed in the recent 1.09 patch) Oblivion wins until they are all mashed.
The skill system rocks, it's like Burger King baby have it your way!
The landmass appears enormous, stretching fields, far draw distance, excellent clouds (finally someone does clouds RIGHT), they actually dissipate and reform.
Combat is better than Oblivions, MUCH better.
Working with alchemy/herbalism is MUCH more fun than Oblivions.
One cave does NOT look like another, unlike Oblivions cookie cutter cave system.
Are there still bugs? Yes there are. Are they game stopping? For me not yet.
Honestly for someone to truly say Oblivion trumps G3 in every way must either A - never played G3 or Oblivion
B - Has a crappy machine and cannot run G3
C - Just a troll My 2 cents