This was a project started by IlmrynAkios that was dedicated to making Oblivion look better using various filters and low-level DirectX tricks, utilising OBGE for its effects.
Without Timeslip's original version Scanti probably wouldn't of known where to start in writing this project, so kudos to him.
It adds support for fullscreen shaders and extra HUD elements, provides information about graphics memory and screen resolution and allows you to clear some of oblivions textures from graphics memory. The Oblivion Graphics Extender is an OBSE plugin created by Timeslip that adds extra functionality to Oblivion's scripting language, focussed on the implementation and manipulation of graphics effects.
Oblivion Graphics Extender is a mod for The Elder Scrolls IV: Oblivion, created by Timeslip, Scanti, ShadeMe i Ethatron.