I picked up Oblivion Monday and was plauged by incredibly slow loading screens — like 7 minutes to go from the market place in the imperial city into a merchant’s store. Plus noticable pauses for equiping my sword (oddly not a bow) and some audio glitches while I walked around.
While I was playing I came back to my laptop to check for messages and also loaded up bloglines — I had a while to wait, might as well do something useful — and saw that Joystiq’s 360 fanboy blogposted a suggestion for fixing it.
There’s a harmless solution for this: “To solve this problem, reset your Xbox, and hold down the A button as the game is booting up. If any button is held while Oblivion is loading, it will clear its hard drive cache, and create a new one. Once you see the “Bethesda Softworks” logo video, the game is already loaded, and the cache should have been cleared.”
Before I did that I also deleted all the useless crap I had sitting the harddrive of the 360.
Now my load times are hardly noticable.