Your badass Spartan/Nord/Schwarzenegger/Stallone/whatever character goes up into the mountains, with all equipment he can get. Battling dragon after dragon (using the shout for calling them, correct me if i'm wrong that this is in the game) for 30 in-game days, even if he has to use his bare hands after all his equipment gone to dust. Punching them in mid-air so hard that they accelrate up to lightspeed and beyond.
After this trial of epicness he would just simply "awesome-walk" down the mountain to the next village with nothing on but his burning desire for more dragon blood.
I know this topic seems somehow out of place or nothing to discuss to..
but imagine how awesome it would be.
But to be short: Skyrim will be awesome, even without those features (or whatever you call them).