Eh as much as I loved Oblivion it was a bit of a jumbled mess.
Most of this just sounds like streamlining stuff which is no big deal at all. A couple things suck like only Horse mounts ( I was really holding out hope for dragon riding late in the game ) but overall its mostly balanceing stuff and making it more accessable to more gamers, so all in all a good thing.
Don't worry you'll still be getting an awesome open world 300 plus hour RPG.