This is promising to those of us wondering how PCs will be able to stack up against the 360 version:
Elite Bastards: With the Xbox 360's advanced Xenos graphics chip from ATI, are there going to be any graphical differences between Oblivion on the PC compared to MS' new console? What are some of the technologies supported by the Xenos chip Bethesda's programmers are most keen on taking advantage of?
Gavin Carter: The performance of the Xbox 360 GPU is something we’ve been extremely impressed with even going back to the alpha kits. It’s really a beast thanks to innovations like the unified shader architecture. It tears through our longest shaders like a hot knife through butter. As far as differences, if you’ve got a fast PC with a graphics card with full shader model 3.0 support, the differences should be miniscule in nature. (emphasis mine)