Notable bits:
...with stealth, we've totally changed how we handle this, thanks to Emil Pagliarulo who joined us from the Thief series of stealth games.
...we hope to have options for the player to turn a lot of these graphics down so that it can run on a wider variety of PCs. That's something we feel we didn't do enough of with Morrowind; there just wasn't enough you could tweak down to get it running well on a nonsuper computer. We'll address that better in Oblivion.
The screenshots are also quite interesting, especially the indoor one. I can`t say the lighting is photorealistic, but the level of detail is amazing nonetheless.