Skyrim, in what I have observed of it so far, is the single best CRPG I ever played.
I am playing this on a somewhat old MacBook Pro (bootcamp) with better visuals than what I had for Oblivion and it's very stable. The immersion of the experience is leaps and bounds beyond everything that came before. Straight from the opening, characters are much more fleshed out than any game I have seen so far. (Pay attention to the banter between NPCs, like the family of someone whose life you saved.)
I play on the default difficulty with hardcoe (dead-is-dead) house rules. Additional rules I impose are: NO MUNCHKINING! Example: I smith, but I do not smith iron daggers past first few levels. I like my brand new Steel Armor set, which I had to save money buying ingots for and look forward to making Dwemer armor one day, being sort of a Dwemer scholar myself (as I was also in Morrowind). My paladinesque Nord, in heavy armor and shield, stands for justice, does not steal, helps and rescues the needy - and runs away in fear when nearby a giant or a dragon all by himself. (The only spawned dragon I killed was lured back to a certain Watchtower for help from the militia.)
I had a Breton character die on me earlier by a bandit chief. Now, I know to run away when pressed. For example, it pained me to let go a prisoner taken to questioning by a few Talmoth Justiciars, but could not risk taking on soldiers arrayed in Elven Armor escorted by a mage. One day I will rescue them all from the Empire's yoke.
Of note also is the replay value: not only as different character types, but I noticed -having played the first several hours twice- that some quests spawn with different goals in different towns!
Regarding the concerns of balance, if I ever achieve a demi-God status (which always happens near endgame in Elder Scrolls games) it will be well earned. Consider this:
I clear a damn mine, dropping the final chief bandit while within an inch of my own life, having almost run out of the few health potions I save for emergencies; I loot a few dozen iron ingots and, importantly, I find an alchemy spell for transmuting iron to silver to gold; I craft with the gold and some jewels I found earlier some expensive jewelry and enchant them modestly. Now I have a brief respite from my money problems and have better enchanting and smithing skills. Several hours of investment for modest gains. I will have earned my demigodhood - if I survive that far.
In short: amazing depth; immersive story telling; best experienced as a roleplayer with dead-is-dead, non-munchkin habits.

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