Just did the intro dungeon and got to the first town. Pretty fun stuff, I was expecting worse. It's a tad on the easy side, magic is overpowered (I chose a Dark Elf, but my spells are still too powerful for Level 1), but fuck it, I'd be lying if I wasn't having fun. So far, it's no Morrowind, but miles above Oblivion and Fallout 3.
Shoddy PC port, though. The UI is so horrid, even though the favourite menu is very convenient. It seems to be random about when the mouse works and when it doesn't, and buttons are uncomfortably spread across the whole keyboard. Luckily, it is one of the things that modders can fix.
Also, the game really really needs Field of View options. It's straining my eyes with such a tiny FoV. Does anyone know it this can be changed in the .ini files or something?