I'm going to have to pretend my character is allergic to horses
![Sad :(](http://gamesas.com/images/smilies/icon_e_sad.gif)
I think if you can safely call it "[your] character" without having a mental breakdown, you can probably play in 3rd person and not have any problems with your immersion. What about the paper doll in Oblivion? What are you going to do during alchemy, smithing, cooking, woodcutting, and enchanting? You'll be fine.