How about no charge at all, just a number of times you can use an item per day or overall?

I went for the OB/MW split. The system in Oblivion was one of the main factor that put me off the game in the first place - what's the point in finding Sufferthorn if you don't have the cash to make it work?

i went for OB only because everyone carries more than one sword and most of them are magical anyways so if they recharge slowly then you can just switch them out of your entire inventory and there would be no penalty for using up all of your enchantment

Honestly, who cares? It was a bad system, it should be fixed. I would consider myself a hardcoe gamer (ish), and that was one of the major problems.

It's like saying that they should keep all the bugs in because you have to be hardcoeZ to get around them.

Ah, but what if you had one weapon that was uber-enchanted, and the others were more pathetic? And then you had to go through a really long dungeon?

Happened in Morrowind all the time.

I agree about this.
I think that it should be done in Skyrim, so that if your Enchant skill is high, then your magic items should recharge slighlty faster.