Yes you can sit in chairs and wait, but why remove being able to wait anywhere? I wonder what their creative decision was for this? It does force you into the moment somewhat, being lost in the wild at night is always good, but it has its bad points too, like wanting to do a night raid but its still noon with no chairs/beds about.
Ultimately, I think it was a bad move. Just another instance of changing something that didnt need to be. Since Daggerfall we've been able to wait on the spot, why remove such a convienience?
"Waiting with a button svcks, it should be more immersive like sitting in a chair" - said no one EVER.