Compared to many high fantasy plots I find the Elder Scrolls games actually pretty interesting storywise.
First of all there is the way the topic of racism is treated with the way the Stormcloacks view the Dark Elves and when you visit them in their Ghetto you find out they´re actually kinda nice people who don´t deserve to be treated that way.
Women are everything, hero, enemy, warrior there are females in every role not just reduced to outsider positions.
The relationship between Dragons and humans are way more complicated than the simple good vs evil plot. So you have to make some difficult decisions along the way. Same for the Civil War, where the Empire isn´t what it may seem.
Orks are part of society instead of just a whole race of evildoers. For example the librarian of Winterhold college. Although they are still very much connected to their tribal roots. In a way they´re the Klingons of the Elder Scrolls, which is way more differentiated as it was during Tolkien´s days.
So I´d say the approach the world building is pretty interesting, and as with most open world games they are really neat side stories that you can find, which are often way more interesting than the classic hero´s journey main plot (that still works well for main plots, however clicheed it is by this point).