Haven't had the chance to play too much of it since I bought it, thanks to school *shakes fist* but what I have played has been thoroughly entertaining. I rolled a Nord, who somehow ended up looking a little like Leonaidas from 300. It's my first Elder Scrolls on the 360 (Having played Morrowind and Oblivion on PC) and I have to say, I was tentative, but the combat handles great. It's fluid and well-designed, especially in the small details, like the way your body (and consequently the camera) moves when you draw your weapon. Also, I like that there's woodcutting and mining to be had as well; ever since getting introduced to such abilities through the likes of RuneScape (Oh dear god, haven't we all been there?) I've found myself extremely pleased when I find similar aspects in other games, and being of a RP mindset, I'm wont to carving out a life for my character in a village, and forgetting about actually doing any adventuring for in-game days. But hey, I'm one of those weirdos that actually makes my character sleep/rest through the night, so there you go.
School will be over soon, so hopefully then I'll get to knuckle down and play through a good chunk of my vacation!