Might I suggest, for a main plot, figuring out how to fix the status quo and returning magic to normal? Granted, a good number of the 'powered' people--the only ones really capable of fixing it--would probably be pretty content with the arrangement. But I'm sure certain disadvantages, like the not-insta-healing thing and the complete nerfing of Summerset Isle, will make themselves known throughout the story. If you go for that as a major goal, I suggest introducing a major plot element at one point that can only be fixed by magic returning to normal. The widespread death of all non-Argonians in Black Marsh, for example.
Oh, and have you mentioned what's happening about Birthsigns? Certain active powers (Moodshadow, Lover's Kiss, etc) would probably be nerfed, right? What about the passive birthsign additions, like the stat bonuses from the Steed, Warrior, or Thief? And what would happen to the Apprentice and Atronach?
Oh, and have you mentioned what's happening about Birthsigns? Certain active powers (Moodshadow, Lover's Kiss, etc) would probably be nerfed, right? What about the passive birthsign additions, like the stat bonuses from the Steed, Warrior, or Thief? And what would happen to the Apprentice and Atronach?
Well I've never believed birthsign powers where any more than a game mechanic, so their powers where never valid In any of my RP's any ways.
As for Major Plot -- theres a few, each character can decide which plot to follow depending on who they ally themselves with, Khajiit tribes and perhaps Altmer/Bretony Theocracy would be working towards restoring the moons, while the Empire Seeks to eradicate dangerous races such as the Sload, and even that dude who never ages and always attacks the Altmer (I forgot the name of that continent/group/person) Or perhaps even reclaim summerset since the lack of magic will drastically weaken them and the legion has always been more regimental physical combat than battle mages, or the majority is.
While some people may think that sharing their powers and offering themselves up to researching organisations willingly to help restore the balance of things without moving the moons, admittedly a short term solution.
Think of this as poltical adventure in a way, its really not as story based as one would think.