Its a game in which Bethesda took 2 steps forward then two steps back. It all dpends on what you liked and disliked about Morrowind. It does have the open ended feel, the game feels more alive than Morrowind, and the combat is done far better. Also the main quest has a tighter story story.
The drawbacks of the game is that its a smaller game than Morrowind, the Radiant AI is kind of wierd in places, the level scaling makes leveling pointless, and quie a bit dumbed down compared to previous TES games.