How does that work?
My emblem would always be that of the Divine Crusader(my avatar), if possible. I'd settle for the red diamond that appears on the Cuirass of the Crusader. Would there be a way to simply take certain existing symbols of the series and place them on clothing, or perhaps even armor, in a new Elder Scrolls game, without too much hassle on Bethesda's part?
The system is basically that you choose the color/pattern of the cape, and then choose different emblems that get overlaid on the texture. Guild Wars just had generic fantasy stuff like skulls, eagles, helmets, etc. that you combined together to make a unique emblem, but it'd be easy enough for Bethesda to include guild emblems, symbols of the Divines, etc. And I'm sure on the PC, there would be mods to add more emblem choices, making the possibilities (potentially) endless.