Mount and blade is better than any RPG i've played to date so that includes oblivion, morrowind, diablo 2 and di
Firstly the graphics are average, for instance there isn't an amazing weather system:no wind, clouds don't move etc. But it makes up for this with great sky textures, amazing sun glare and weather effecting your character, e.g rain slows you down.
The animations are also very good, with several different death animations such as falling to their knees, then collapsing to the ground.
Combat it self is the best part of the game, as you can fight ether on foot or mounted, use a variety of different weapons all with strengths and weaknesses e.g axes do extra damage against shields, but have a lower weapon reach) Combat also features realistic physics as when you hit them in the shoulder, their shoulder rolls back, when you hit them in the feet they will generally collapse to the floor.
In the game you also get to command an army that starts off as a butch of roar recruits, but after several sparring sessions and battles they will become a group of highly skilled killing machines.
Chargen is also good, as you pick what your father was, what you did as a child, a young man and as an adult. All these choices change your starting stats and equipment. Forget to mention but you can be both a man or a woman.
So there we are the greatest RPG ever created, mount and blade (which was made by a husband and wife team in turkey)