From what ive seen in the videos fast travelling would be to miss out on the beautiful landscape
Once you've walked the route between the Imperial City Market and the waterfront a dozen times, the "beautiful landscape" starts to seem quite repetitive. I'd much rather use FT between all the places I've been a million times (like, oh, the walk from Azura's Shrine to the vampire cave), so that I have more time for actually exploring new places with beautiful landscapes I haven't memorized already.

Like I said earlier, I love FT - it greatly enhances my ability to explore.
(Also, I'm going to play, if Oblivion and FO3 are anything to go by, hundreds of hours across multiple characters. I've no need to artificially pad out the playtime on any specific character by spending 50% more time walking back and forth everywhere. :shrug:)