OPM's got the scoop on PSP's Oblivion. Sounds like Bethesda will strip out the open world, focusing on dungeon romps. Did you really believe they'd do otherwise?
We'll still get create-a-character and have access to 18 of the 21 skills featured in the original Oblivion, but no word on cross-link features between the PSP version and the PS3 edition. And no word on load times either ... ... ... But the developers do cite Metroid Prime as a source of inspiration. Well then, how about throwin' in a morph ball ability?