Morrowind is bound to run like crap right now. It's not designed to take advantage of current hardware.
I'm really surprised that you're the only one besides myself that came to this conclusion, and quickly.
You can upgrade the graphics card... but your CPU is still the problem.
I was going to disagree, but looking at the system requirements for GTA V, that's actually a major part of his problem for that game specifically. It states that you need a Quad Core eqivalent. The speed of his CPU is enough, but he doesn't have the recommended number of cores. Also, the minimum amount of ram needed is double what he has. I think that would explain it.
I don't believe his CPU is his primary limiting factor for all of his games though. To be fair, I have an old Mac Pro 1,1 from 2006. It's running an Xeon X5130 @ 2Ghz (two separate dies, both with dual cores), 21GB ram, with a GTX 760, and it runs pretty much everything I throw at it with full speed. Can't guarantee it will run GTA V properly (I don't have any interest in that game or anything Rockstar makes except Max Payne). I can upgrade to 2 X5350s for 8 cores at 3Ghz later on, just haven't gotten around to it yet.
The brand has nothing to do, except in terms of the kind of PSUs they use and heat dissipation practices.
My experience tells me otherwise. Back when they were still around, I noticed Compaq computers had significantly worse performance than Dell PCs of similar hardware. My Dell B1000r continues to outperform any Compaq computer I've ever had or used to this day.
Shogun.