Brought a copy of The Eldar Scroll 3: Morrowind to steam and have played it for a few hours.
So far, I like it, combat's alright once you know how it works and while the plot hasn't really started yet the side quests keep you moving, and Graphics; they've held up over time to some extent. However I certianly agree with the main point people have said about Morrowind, the world is unique. The plants and creatures are interesting (how many times have you seen a giant mushroom tree) and the towns look truely fantasy.
However I do find it odd that such an odd and alien place could exist in the same world as oblivion and skyrim (both have a much more traditional fantasy setting). While Morrowind was set on an island so it is possible that the plants and animal could have evolved seperatly. Though this does get kind of funny when you realise your playing in a fantasy version of Australia.
EDIT: have realised that Morrowind is even more like Australia with the deportations. Have also found some quibbles: conversations are a bit fiddly but thats growing up with KOTOR and mass effect, and the jorunel can get a little bit difficult to read after a while.