First off I am not coming down on people who play magic users. I have played a few myself and I was slightly disappointed when I heard the spellcrafting had been taken out. But truth be told my characters never really used it that much, either I never had enough gold or I didn't have the right level of sould stored in a gem or something. And I tend to play warrior types, mostly Nords, and play them as straight barbarians. Not the usual "I depise all weavers of the Black Arts!!" type, but more of "I value my ability with the sword over an ability to cast a spell" type, since I still used magic, to heal, get better deals on gear, etc.
I think once we all get the game we'll never really notice that spellcrafting is gone once we get into the flow of it. Like I said that's just my opinion. But what's yours? How do you feel about not being able to make more spells?