In the title you say that the game is to hand-held, and then you say that you loved how you got directions in Morrowind and Oblivion while you don't in Skyrim? I don't understand.
They give you directions so you can find it on your own, while In skyrim they don't tell you where to go and show you where it is, The quests are still hand-holding and offer very little options.
How do you play it on a psp?
Xbox 360 for me, might go PC after more mods come out,