One thing I'd really like to see is more of a magical effect on weapons and armor. Like glowing glyphs or lines on an enchanted item, or some kind of aura to make it stand out a little more than the colored sheen of the items in Oblivion. I also saw the unholy sword mod inaction and thought something like that (magical energy type weapon) would be awesome. Anyone else feel the same or know if Bethesda's doing this?
Unrelated- The sword the orc has in the screenshot is one I'll definitely be wielding for a while:
http://cache.gawkerassets.com/assets/images/9/2011/04/500x_orcnight01.jpg