Soldato
Theres no way that at the end of 2011 they would release a game based on the same engine as Oblivion!
I think there is a semantics issue here... heavily updated or not, it is the same engine. Oblivion used the same (heavily updated) engine as Morrowind. So to say there is no way they would release a game based on the same engine 5 years later has already been disproved as a nonsense.