I think it would be awesome with bow and arrows as well as magic, but it might be hard to do for melee attacks, which looked really weird in Fallout 3... So my answer would have to be yes, but only if it's done right.
EDIT: I think people may be misunderstanding what I'm asking... I didn't mean do you want Bethesda to pick up V.A.T.S. and plop it in TES V: Skyrim exactly as it was in Fallout 3... I'm asking if you guys want to see some sort of slow-motion style cinematic combat in Skyrim. Not V.A.T.S., but something like it...
EDIT 2: I changed the wording of the poll question because everybody's being so sensitive.
NOTE: I am first and foremost an Elder Scrolls fan. I love the series and consider Oblivion my favorite game of all time. Although I enjoyed Fallout 3, I am NOT a Fallout fanatic... I've never even played New Vegas...
EDIT 3: I reworded the poll question a third time for better clarity.
NOTE 2: I know what V.A.T.S. stands for. I know it's exclusive to the Fallout universe. I'm asking if you'd like to see something similar. Sorry for the misleading title...