Monsters seem to be too weak and stupid. When will it be fixed?
No, the problem lies
No, the problem lies elsewhere. Monsters, taken from Oblivion normal. Skeletons, ghosts, klanfirs and other. Unlike those that are ported from Morrowind. They are fighting like girls:)
It needs to change their scripts of behavior - they are catching up with people, but instead to attack - stand and stare for a while, doing nothing. Attacks are too rare and generally passive.
Morroblivion monsters really
Morroblivion monsters really need to have a combat ai upgrade/fix or something so its not so buggy like it is right now.

Other people have complained
Other people have complained about the monsters being too hard. There is a difficulty slider in Oblivion's options menu if you find it too easy.
This is covered in the FAQ;