Oblivion is better. Much better.
Disagree. Morrowind had so much more of a better feeling to it. The opening town in Morrowind had more feeling in it than the Capital City of Oblivion. The game didn't hold your hand, and there was no fast travel. Hen, you're tempting me, just with the thought of it, to go back and play it again.

I think you'll enjoy it. Be sure to think outside the box, and don't spoil it for yourself by the internet. Oh, and here's a hint. (Not all mudcrabs are evil. Especially in the Southern islands.)