Elder Scrolls IV: Oblivion Preview

TeamXbox has put together a two-page preview of Elder Scrolls IV: Oblivion, based on some firsthand time with the RPG at Microsoft's X05 event. Here's a bit to start you off:
Item and spell management has been streamlined thanks to a quick menu. Here you can map things like a weapon, potions, or spells to various directions on the D-pad. This proves quite useful when needing to quickly switch from an attack spell to something that will restore health.

We came across various chests and remains to pillage while navigating the depths. Sometimes you'll find keys, which obviously make opening locked items much easier, but you can also use a lock pick in dire situations. Being that the venue wasn't exactly conducive to playing an RPG of Oblivion's scale, we primarily walked throughout the catacombs, taking in the splendor of high-definition visuals.