Third person for the most part, first person when I am picking something up, firing arrows/ranged spells, or I generally need accurate aim.
I haven't played Oblivion in ages 
The problem with it was that you could be EVERYTHING in one playthrough. A thief, warrior and mage, in the Fighter's Guild, Dark Brotherhood, Mage's Guild and Thieves' Guild, complete the main quest while going on killing sprees around all of the major cities...it just gave you too much freedom.







