I played Oblivion for a couple of minutes at a store, on the Xbox 360. The emperor looked awful, for a while there I thought he was a woman (I didn't have sound). The character creation system seemed like a lot of fun. I felt like I could waste a lot of hours just playing around with the faces.
Also this was the first time I played a game on a console since the N64 and PSX days. I really struggled with the controls and how anyone can play an FPS with a gamepad boggles my mind. I was unimpressed by the graphics.