I want capes so much, but i don′t think Skyrim will have capes.
Because, all the pics i saw and also in the new gameplay trailer i could not find any evidence of dynamic cloth simulations.
And you know... No cloths simulation = no Capes at all... :sadvaultboy:
Well thats not right, no cloth simulation mean no cloth simulation, capes can be done in different ways like animation of special clothes bones or rigging to skeleton.
For example Oblivion Lich have tail bones, dangle bones for wrists, pauldron bones but NPC and player character skeleton doesn't have them
With mod thats add lich bones to character skeleton can be done cloth movements like this
http://tesnexus.com/downloads/file.php?id=27945
http://www.youtube.com/watch?v=dEHus6LBg3s
Without separate bones and animation there can be capes like this one
http://www.youtube.com/watch?v=vNBu1w3Qqjk
Thats best what can be done with rigging to vanila skeleton.