I've been in the same boat KC_John. There just isn't a whole lot to do outside of raiding, and I'm not rerolling again. I don't pvp because I'm not interested in it.
Plus the time committment involved with raiding, I feel like I'm losing too much real life when I'm raiding 15 or 20 hours a week.
So what do I do, I play Oblivion 6 or 8 hours a day since I'm off work right now.