Considering the insanely large amount of supplies the average RPG character carries with them I think it would be.
If I carry a sword, I'd like a sword to show up. If I use a bow and arrow, and a dagger for melee, I'd like the bow and arrows to show up on my back, and the dagger on my side. That's about it really. Grim would be good too I suppose...
For more information on the ridiculous loads of rpg characters, may I direct you to the kotaku bureau of weights and measurements where they specifically talk about how ridiculous some of Bethesda's weight ratings are
. http://kotaku.com/5296222/kotaku-bureau-of-weights--measures-studies-fallout-physics-also-beer