All they need to do is use nice large textures to start with this time instead of waiting for enthusiasts to make texture packs themselves, and listen to gamers about interface/leveling issues.
How many of you guys that are complaining about the engine used any of the addon texture packs? It looked like a different game with those. Those texture packs helped distant terrain look more natural and close up textures were 10x better looking.
If the engine is updated with physx, tessellation etc... and some of the clipping and other bugs were squashed, that would be alright too.
In some ways I liked Daggerfall better than Morrowind or Oblivion. I've played every elder scrolls game too. Arena, Battlespire, Redguard, Daggerfall, Morrowind, Oblivion. The java games don't count.
I'm looking forward to it. Next Christmas is a long time to wait and I can't remember offhand a single release that didn't take longer than their original announcement.