No.
Just no.
I am playing an archer with a back-up sword and light shield for the "Shit's hit the fan fights" and I am loving it. I swear, Oblivion bows were about as good as your fists. Worse, probably.
Skyrim is just right. I can easily kill a few enemys from range, but when they close with me, that's when the challenge hits. I have to fight, unlike Oblivion. Why? Because Oblivion was just swinging a sword non-stop, then hold your block.... wait... wait... then swing again... wait.
Skyrim though, is quick, exciting combat. Yes, they might die in a few blows. So might I. Put it this way. These are some of my amazing moments in Skyrim:
Sneaking up through a group of bandits, wiping them out one by one with my bow. I wasn't seen once. It was amazing to see them fall silently.
First time fighting bandits, one of them had a great sword. I killed him, then looted it. As the other bandit charged me, I stabbed with the sword, he basicily ran onto it, then I kicked him off the sword and ran towards the last bandit. I swung at him, lifting him into the air, and bringing my blade back down, kicking his body off.
Running through the hills, I saw a fight between a dragon and a giant. I fled up a mountain as the dragon chased me. I jumped from rock to rock, loosing arrows at the dragon. I got to the top, where there was a bit of a clearing. I shot arrow after arrow, then he hovered in front of me. I knew he was going to shoot fire at me, so I jumped. I landed on a ledge below as fire engulfed the clearing. I got back up, and shouted at the dragon with fire breath. He landed on the clearing, and with my sword, I executed the dragon. As I stood on the mountain, I stole his soul. All of that was done while the awesome music played. I mean, really.
That is the most epic song. Ever. Of all time.
(Cookies for anyone who gets that)
Oblivion meanwhile:
Um.... I.... erm.... Saw a mudcrab? Nasty creatures.