Elder Scrolls IV: Oblivion Preview

GameSpot was able to get some more hands-on time with Betheda's Elder Scrolls IV: Oblivion during the CES 2006 event and they've whipped up a short preview based on what they saw. A paragraph to follow:
Plunging further into the crypt, we discovered a wide-open area that contained some treasure for us to collect, as well as some hidden dangers. Stepping onto the wrong tile sent us directly up at a set of spikes embedded in the ceiling, though we merely lost a bunch of hit points for the error, rather than being killed instantly. The game seems to strike a good balance between such action-oriented elements and typical RPG-style equipment management and number crunching, and we're eager to see more of the adventure to see what else is in store.