Basically what I want to see in Skyrim is something close to what we had in Morrowind. There was nothing that I enjoyed more than diving deep off the shore only to find a grotto where items like the Dragonbone Curiass lie. Oblivion took that from me, randomizing loot and scaling it to my level. I hated it. Will Skyrim offer me some piece of mind? From what I've read, they've done a better job of it, but I'm still not all too clear. Anyone have any insight on the matter?

Use the search function on the forums, there's a thousand threads already addressing this.