The bargaining within Morrowind and Oblivion:
I think Morrowinds system gave you a tiny bit more of this feeling than Oblivion, even though there wasn't actually haggeling in the way that you could push the prices up/down by slowly going downwards in what your willing to offer, the reason I prefer Morrowinds over Oblivions is mainly that you decide the price of all items in the bargain instead of Oblivions setting the percentage of items value you want to pay... but as you might know this isn't Morrowind vs Oblivion it is Arena vs Morrowind AND Oblivion...
For those of you who never bargained within Arena:
The entire bargaining starts with the merchant making an offer, here you can choose to counter offer, accept the offer, or reject the trade... if you counter offer you now get to type in the amount and if its way to large the merchant will say "I wouldn't pay that much for a if the emperor kissed it himself. If your offer was well talented the real haggeling begin, he'll counter offer you and now you can choose to accept his counter offer or re-counter offer... this mostly end up with a slight change from the original price but can sometimes (for experienced people who have done it a lot) end up at nearly your original counter offer.
Would you like this system to return? If you haven't tried it in Arena then please do so before stating that Arena is outdated (CENSORED) and that anyone playing it are outdated (CENSORED)'s aswell... I personally think that it adds much realism to bargaining... and could help to removing merchantile without removing bargaining.
And finally please post any suggestions on other forms of bargaining.