When you have multiple characters, will the saves be in the same messy group, or will they be divided into separate categories? =)

I've just done it myself. When I feel like playing another character I copy their whole save folder to a different separate folder, and keep them separated that way. Since I don't switch between them super fast, there is no need to have them all sitting in one folder together.

I regularly just zip up my saves and save them in a different folder, than delete all the existing ones and extract the ones I want to restore to the .../saves folder.
Then again, I'm on PC and save through the console, overwriting all the time since my saves are named danger, temp, fight, okay, etc

Okay, so it's the same as oblivion?