Absolutely love this.
It all depends on how you play, and when you get the things that break the game.
I had a ton of fun when my character was a wuss, and I couldn't win an open confrontation with a Bandit Chief at level 40+.
Once I got my Enchanting, Smithing, Conjuration, and One Handed up to 100 and got the Chaos Enchantment, it was game over. It didn't matter if I had it on Master, most things are going down in less than 2 hits. Hell, I beat the other Dragon Born without even using my sword.