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jhuff394 said:
This is a great question..

Oblivion is much more varied and colorful, you can only level up to level 20 in fallout 3!, There are not very many types of enemies in fallout 3..

Both awesome games... When compared up-close Oblivion grabs the win.

The color and level comparisons are stupid and up-close Fallout 3 looks better however the enemies point is fair.

Both games suck for enemy variety.  You can only kill random wolves and bears so many times while wandering around Oblivion before it gets boring (and by so many times I mean like 3).  Fallout 3 has the same issue with the big three being Super Mutants, Ghouls, and Raiders.  Generally speaking you meet more enemies in the first 3 hours of most JRPGs than you meet in Oblivion/Fallout 3 the whole game.

The only good news is that Fallout 3 has MMM to kind of help that while Oblivion has nothing.