You should slow down and look around in 1st person. Yes, in 3rd you can see more and yourself in action but in 1st you feel like your looking at all the scenery. Both are good IMO.
Again, anybody know how to know if it says "take" or "steal" w/o the HUD?
I have been playing in 1st person for over 400 hours now, this is the first time I have ever played in 3rd person ( that includes morrowind-skyrim) and you just get a bigger picture of your surroundings in 3rd person is all I meant. But try playing 3rd person with no HUD, it's suicide!!! Now I'm not saying there is anything wrong with 1st,3rd, or playing without a HUD it's just how you want to play, the OP could have made a better presentation of his idea/thought and took into account that "different strokes for different folks" and that no HUD only works when playing in 1st person. There are all kinds of really great ideas for making you game experience that much better but when sharing your idea/thought one must keep in mind that what works for you might not work for me.
TO ME, this is a list of what makes the game more immersive: turn off the music, play on master, no fast travel, only carry what I need and if I run out then I'm out until I get to a town, no HUD ( in first person), and I try to not get rich fast(even though it is really hard not to), most time I will choose clothing or light armor and I prefer to play with out magic.
The funny thing is that most of these ideas have come from you folks and I just implement them into my "rules" or I alter my "rules" to fit a good idea in, the point is, don't make it out that your play style is better then mine, keep an open mind and adjust your ideas or share your idea(s) and not cram em down others throats and the end result will be someone like me who likes to try new play styles and is willing to if asked the right way.