Yeah, Skyrim isn't what I was expecting. True, I've never played any of the Oblivion games before, but I remember Elder Scrolls was supposed to be awesome when it first game out. Even on Ultra settings some of the textures look terrible and overall the graphics are pretty poor. Combat is pretty wonky also, I swing my axe and sometimes connect and other times don't but I can't really see what I'm doing. I gave it a shot but definitely not my cup of tea!
sounds like Dark Souls would be a better fit for you