I'm doing the same thing, been declining patch 1.2 and playing offline for a week now. I wonder if many others are doing that and if it is making a dent in the XBL most played games weekly list or not? I'm not planning on taking 1.3 for a day or two as well until I hear reports of how that one stacks up. The game is playing fine for me with my current patch *knock on wood* so I want to be careful about taking something new.
At this point I have the thieves guild quests and a few Daedra artifacts to collect and I'll be done with the meat of the game.