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I rly like this http://www.youtube.com/watch?v=1DvCxSGo-Lo

Quoted from Randdalf

It’s also sad to note that Skyrim will be running on the same engine as Oblivion, facial technology and all.

Pretty sure that is wrong; I remember being pleased because they announced that it would run on a new engine.

The actual quote from the Bethesda Twitter Blog:
“Seeing lots of speculation about #tesv game engine. It’s brand new… and it’s spectacular!”