The game is a good game but it doesn't change the fact that it's been dumbed down and much easier than the other ES games. I don't think Skyrim would have sold as good if it was as hard as say Gothic 3, since Skyrim is a arcade game compared with that and you actually have to think for yourself.
Sure, the game has been designed for the masses. Gothic 3 is more of a...specific genre. The games have become more streamlined (even though I dislike that word), in the sense that they've been moving away from traditional RPG values and moving into a more modern type of skill based progression.
Dialogue is less than Morrowind because it's voiced. I wouldn't even say Morrowind was that deep in dialogue, there was just a hell of a lot of waffle there.
However, I would like a mix between Morrowind and Skyrim's quest objective system. Morrowind was pretty horrible in directions, if I had to search a guide to find where something was I just think that crosses into the annoying line. However, I do think Skyrim needs to give directions too, in addition to the markers. It would make things a lot easier but more..realistic.
Skyrim is not an arcade game. It is an RPG. Just it's different from a traditional RPG, a change that IMO has been rather successful.