When I built my new computer I used the recommended system requirements (listed in the faq) for Elder Scrolls IV: Oblivion as my guideline. They released some new screenshots and I snagged them up:

If you never played any of the previous games (last one was Morrowind) the easiest way to describe the game is that it is a mmorpg without all the other people to bother you. It looks hot and everytime I read a preview I get all giddy with excitement. The rumor mill says this one will be out in late March.