I had found that first person horse riding in Oblivion was irritating and difficult to use, so I always rode the horse in third person.
Basically, I'm entirely content with having horse riding constantly in third person, since it's what I would be doing anyway.
Really? I am pro 3rdP but I do switch back and forth from time to time. Using 1stP in Obl was the ONLY way I could control the horse.
I tried out the horse in the first day of release...I have yet to
mount purchase one since. I have stolen one but that was an emergency get away. The main issue I have with them is not being able to rotate the camera while continuing in your riding direction.
I rarly used horses in Obl. but when I did it was in 1stP and it seems that you could continue running forward while panning the camera to the side.