the people's faces look horrid beyond my wildest nightmares.
You're trying too hard. Seriously. They aren't that bad.
I hope you won't actually buy the game and support it with your money.
Why? I don't have some misguided sense that maybe Bethesda will go under and then the license will go back to the "real developers". If they make a game of Morrowind quality I will buy it without hesitation. I enjoyed Morrowind. Oblivion was pretty meh, but mainly because the setting wasn't nearly as interesting and that dragged down the dialogue and quests (What, demons invading? Heavens no!).
This setting is more interesting than Oblivion by the look of it, so exploration should be funner. Which is a big plus for me. And I also don't find VATS horrible. So I queue up an attack (after pausing and considering which action is best) and then watch the animations play out? Sounds pretty similar to turn based to me. At least I can choose not to do it against hordes of trash critters this time, so it probably won't be as annoying in those cases.
So if I like it, if it entertains me, I'm buying. It may not be Bloodlines but it isn't Rise of the Argonauts.
In fact I hope they make more money with this game than with Oblivion. Send them the message that people like original/different settings rather than happy-cliche fantasy land undergoing scary demon invasions. They seemed to be getting that message with Shivering Isles.