It looks like alchemy does, where you see your character in the background doing their business and practically what you do is handle menus. The character is doing all the action automatically, but it still looks awesome!
![Smile :)](http://gamesas.com/images/smilies/icon_e_smile.gif)
Now, as for jumping, it actually looks like the world has gravity. First of all the animation is GREAT. FAAAR better than Oblivion and the character keeps moving even when it's in mid air. It raises its arms and all and it looks solid and (at last) believable! Plus! It's not exaggerated at all like it was in Oblivion - you don't feel like you're floating!