Anytime my good man. Listen, I wouldn't recommend this to someone for any game but Oblivion and other Bethesda games? Absolutely. You should really consider purchasing it for the PC. I know it sucks having two copies of the same game for different consoles however... We're talking some major changes here other than making the graphics amazing and adding awesome sounds. For example:
There's a specific mod I know of that changes the entire battle system. Instead of simply swinging a sword back and forth (as in Vanilla Oblivion) to kill say another human, you could choose to thrust, block his attack, smash your shield into his face to temporarily stun the dude, kick him to knock him backwards, and then leap in with a monster swipe to literally chop him into two pieces. Each different action having an impact on the next action during a fight in other words. Or... Another example. Instead of sticking to the ground-game being forced with a horse mount (only mount in Oblivion), you could do a small mini-quest to unlock Akatosh the Dragon and take to the skies. Spitting fireballs at those puny foes beneath you. Those are only two options available out of well over one-hundred. Your call brother.