Like Morrowind definitely. Each shoulder, chest, each gauntlet, each boot and legs (Oblivion never gave me the feeling I had when I got the only missing item of a full set of Deadric when i got the last pauldron in the Bloodmoon expansion). I would like to have gloves for my mages, too!
Trust me, they could simplify it even more. Look at what happened to Mass Effect. In the first game you could at least shop around for different armors. In the second you actually could change your armor design at will in your cabin but the only statistical changes occurred when you found upgrade plans. Great games, but def went from an RPG to a shooter with dialog trees.
Yeah, I agree. I think they may over-reacted to the fact that inventory ui was terrible so they scrapped it completely. Fable III did the same thing and it killed my experience for both games. I love my inventory lists for some reason.