It's a Bethesda game, but it's different from the original Oblivion. I remember seeing dead NPC heads stretched across Ayleid ruins and other weird NPC physics. I have yet to see a video of the remaster that looks like this. I'm not saying this is good or bad, I'm just saying that this game seems different. It's Oblivion, but it feels like a different game. If that makes sense.
Another video on the game physics.