In Skyrim its possible to drop and move items, but the drag key is nearly unusable (cannot rotate the item, and the "gravity" point is rarely the bottom of the item, so its difficult to place the item,)
On top of that, and more importantly, any dropped item in an interior will wind up on the floor in another part of the room upon reentry, if not disappearing completely. Any item placed in the exterior will end up floating stiff in the air on disappear on coming back to the area.
All in all, this game has run smoothly for me (on the Xbox360,) and due to this being a "minor" bug, more of a lost feature than a loss of gameplay, ive waited till now to post. I'd like to see it patched in the future.