There's Mount & Blade. I've not played much of it, mainly because the RPG elements are actually rather thin, even compared to Oblivion. However, though combat shouldn't be the biggest part of an RPG, the combat in it is absolutely amazing, very realistic without being a whole bunch of ArmA II micromanagement nonsense. Setting all of the difficulty sliders to near the middle, I barely got through the tutorial, but it was much more like playing a sport rather than going up against something with ten times my health and more reaction time. It's a very down to earth game.