Originally, the first four hotkeys are located on the LEFT, RIGHT, UP, and DOWN directions of the D-pad, which works fine. Then we have the next four hotkeys on DIAGONAL directions of the D-Pad. Here lies the problem. Half the time we try and select one of the DIAGONAL hotkeys we end up with a LEFT/RIGHT/UP/DOWN hotkey instead. Having to finagle the D-Pad around to get the weapon you want is an extremely frustrating problem, and is more than a frequent enough issue to merit a change. The problem lies in the construction of the console controllers which have poor precision in the D-Pad. Be that as it may, this shortcoming should still be taken into consideration by game developers.
I propose that instead of using DIAGONAL directions for hotkeys, you use a DOUBLE-TAP option for the other four hotkeys. For example, pressing UP on the D-Pad would bring out your sword, while pressing UP-UP would bring out your bow. This would keep the eight hotkey layout unchanged, and at the same time make the game more comfortable for the players. And considering the chances are good that we will be putting hundreds of hours of play into this game, having a comfortable and intuitive control scheme should be top priority.
Thanks.