I guess I've just been spoiled by Daggerfall and Morrowind, then. Everything else in the demo was great, I was just turned off big-time by the combat system. When it comes out I might rent it to see if the story can balance it all out, just to see if it still sends me into TES withdrawal or not, then base a purchase decision on that.
First time, I think, I've ever let fanboyism get in the way of a series I used to like a lot. >.>