As the topic says, I'd love to see both Beards and Cloaks make it into this game. There are countless styles of facial hair, which Fallout 3 delivered beautifully. Only thing, though, is considering this is a slightly medieval/viking setting, let's get some braided beards in here, too!
It doesn't need to be anything super elaborate or over the top, but just make sure we can choose a *proper*, full beard, of varying designs. Be it a short, full beard for my Warrior, or a long, elegant beard for my Mage, they just add so much personality to the game.