Let me preface this by saying that I know the common reaction (from reading some of the other posts) is to say that I must not have installed one of the mods, but as far as I can tell, I have. Here is a screenshot of what I see in the starting area, and it continues out in to other zones.
http://steamcommunity.com/id/rafikki/screenshot/541769761860762786
I started with a fresh install of both Morrowind and Oblivion. I installed the unofficial patch, obse+ely's silent voice, vardenfall imports parts 1, 2, 3, then patch 1 and 2, morrowind_ob complete install parts 1, 2 and 3, the two additional support files, eloth's misc items and ingredients (yes I noticed in the install file that lacking this is a source of yellow diamonds, and yes I have it installed), henshu's lute music, and then ran the exe installer. The load order is correct.
After doing all of this and having the yellow boxes everywhere, I uninstalled oblivion, deleted the folder and did it all again with identical results.
Any suggestions of what to try to fix this?

Same issue.A few things were
Same issue.
A few things were missing in the boat, no biggie I'l just go inside. All of the light sources, candles, lanterns and such are missing, everything is lit properly, the texture is just not there. I have the katest visual overhaul instaklled is there a specfic file for lighting?