http://i.imgur.com/DJP6G.png
It's not necessarily realistic, given how many instances of iron armor there are in the game, but the way I see it, it's a fantasy game; intricate, highly detailed armor will be the least of your concerns when you're throwing fireballs at a talking, anthropomorphic cat I wanted to embrace the medieval, renaissance-faire feel of Oblivion and use it to make the armor sets look more distinctive and beautiful. I don't know if I've succeeded, I'll let you be the judge of that. I'll be releasing these individually as I complete them, because it'll probably be slow progress between school, work, and my other projects (particularly in the Morrowind community).
So, thoughts, criticism, concerns? Please feel free to post them here!