Alright, in my opinion the Assassin's Creed series was one of the first games to really pull off believable clothing physics for your character. As a gear fanatic I could play that gave for a half-hour just to watch the way the cloak and robe falls about Ezio's legs and arms.
Do you think it is possible to see something like this here? Will there finally be believable cloaks and capes in Skyrim? Your thoughts.
Don't forget physics for the hair, in Oblivion I was really disappointed to see my characters hair go through it's own clothing/body parts.
Also cloth tear on for example your cape would be awesome if it gets hit by a sword