Skyrim>Morrowind>Oblivion

Morrowind's imbalance made it great. They took out a lot of fun and useful things for later games because they imbalanced the game. Thing is, why does it need to be balanced? It's single player, and you can always just level up if you're having a hard time. Also, in Morrowind, you felt like you earned your place in the world. Especially in Skyrim, it feels like you stumble into several positions of leadership.

Skyrim > Morrowind only because of the immersiveness of the world and because Dragons >> Cliff racers.