“The whole [movement] system that we have now is pretty cool,” explains animator Jeremy Bryant. “We've got directional walks in all eight directions, as well as directional runs. I'd say the motion set is probably the best we've ever had, in terms of how fluid it is.”
Taken right from Elder Scrolls Website
This may already be old news, but I know many people were concerned about this and this is the first real confirmation I've seen.