Hey cool I thought of a thread that wasnt already covered by the other Oblivion threads!
The first mod (so claims the site) has been released
It allows you to adjust the passage of time (in game) to be either slower or faster.
I could use a time mod for work right now...
Obviously this is for PC only. Us 360ers dont know what Bethesda has planned for us yet.
Edit: A link might be good.