So far, am very unwhelmed.
Even with 4GB of RAM and a1GB graphics card I have to select the "low" graphics options and a low screen resolution to ensure smooth movement. So while the world looks pretty enough, it's far less detailed than Oblivion.
Starting the game - well, you wear no armour and have just a sword. You can't pick up anything from any bodies, except perhaps 1 gold piece, if you're lucky. So there's no way to equip even in a basic way that I can find - so far.
I've attempted a few quests. In Daggerfall I was asked to find the murderer of someone in the king's intelligence network. Even though I'm a nobody, the characters are happy for me to take charge of the investigation, which soon lapsed into boredom of just talking people.
Then was asked on a Fighter's Guild quest. Had to travel for ages to reach the cave - any random nasties easier killed me travelling there. Upon arrival, the Fighter's Guild members there decided to rally around my first level unarmoured character, and insist I fight some big gnarly spiders - which killed me instantly, and repeatedly. So had to give up.
There's little sense of engagement with this game - no sense of purpose, and I can't even do random dungeons so far as everything seems able to kill me.
Haven't been able to figure out how to do magic on this.
Quite a few bugs, quite a few random crashes.
I keep trying to get into this, but so far the only selling point appears to be that it's multiplayer. So long as you don't mind a 22GB download, £50 cost to start, and subscription to continue. In a world that is less engaging and graphically weaker than even Oblivion, let alone Skyrim.
Will try to persevere, but so far, it's just a disappointment.