Yeah, not sure how much has been confirmed yet, but from what I understand in Skyrim it's actually made from dragon bones (and maybe scales?). In both MW and OB it simply had dragon whatever in it's name (though, if memory serves the armor in MW at least looked scaly...)
It was all black underneath as seen the back but had green / yellowy looking feather looking pointy bits on the front
http://images.uesp.net/9/99/MW_Armor_ImperialDragonscaleM.jpg
(the bottom half is not Imperial dragonscale armor. It was just the helmet, cuirass and shield
http://t1.gstatic.com/images?q=tbn:ANd9GcRPopuh71RO-K7Ak9E1Uoco1RdC2zB1-xL0f4CsIhnDLd15wDkTHQ
then in Oblivion
http://images.wikia.com/elderscrolls/images/1/12/ImpDraArmor.jpg
I correct you: Imperial Dragonscale armor was the best Medium Imperial armor. The best Imperial Heavy armor was Duke's Guard Silver.
oh yer. I just looked it up. It was still as good an armor as the heavier Duke's guard Silver as both had an A.R. of 20.
Imperial Dragonscale armor was lighter than silver but just as strong