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I wouldn't pay much attention to what Bethesda does - they're still stuck with their bad choice of engine for Morrowind, and no matter how much they've rewritten it's still hampering them. (IIRC, funny thing is that Morrowind was more fluid in streaming new zones/cells than anything after it).

As for "one load;then play" - Gothic had this for ages, it's really nothing new in open world games. (first Gothic is from 2001)