My big question is, why do you spend all that time developing the look of your character, the shape of his/her eyes, mouth, coloring, etc. if you can never see your character. I loved in Oblivion, how when you went to your inventory, you would see a large character portrait in armor, with weapons, etc. I could try on different armor and see how cool i looked. Now i have to settle for a third person view, from afar, either by holding down the "F" key toggling 1st person and 3rd person, or wait til the game goes idle (after 4 minutes or so) to get the 360 degree view. I can look at everything in my inventory in 3d glory, except for myself in that stuff! Seems like a waste of time to go through the process of making a character you think looks cool and that you can connect with, to never be able to see yourself. Might as well just skip that whole process.
Another gripe - i hate that the armor and weapons that you can find/wear correspond to your level. I should be able to find glass armor in the first dungeon/cave i encounter, but maybe not be able to use it until i reach a certain level. I'm level 18 and i'm only now starting to see dwarven/glass weapons and armor in game.
Rings - I've got 10 fingers, how come I can only wear one ring at a time?