Power armor, especially the T51-b armor from Anchorage or You Gotta Shoot 'em in the Head, are still a lot more powerful than any other type of armor in the game at the end of the day. If they made them less godly compared to the older games, it was likely to make it so the other armor wasn't completely ignored.
You have to remember Bethesda fans like myself like to dress our characters up in cool outfits...
Power Armor is supposed to be a lot more powerful than anything else... that's the point. Intact, powerful technological devices in Fallout are the Holy Grail of the setting. Power Armor is meant to turn an infantry soldier into a walking tank, and that's exactly what it does (well, what it used to do). All other armor
should be ignored, because Power Armor trumps it all. It's a nuclear-powered, man-sized battle tank. Nothing else comes close.
Nerfing it for the sake of people who want to walk around in fedoras and t-shirts (I like to do that too, by the way) is silly
and unnecessary, because you can play dress-up if you're a stealth character who doesn't need armor, or if you're hanging around town somewhere.
In the first two games, it took a lot of doing to find Power Armor; Fallout 2 was a little too free with it in my opinion, but still it was rare until the end-game, unless you ran straight to San Francisco or Navarro. In Fallout 3, there's Power Armor popping out all over the place within the first few hours of the main quest, which is why they put in a "Power Armor Training" perk. Even with that restriction, halfway through the game you couldn't swing a stick without hitting some Power Armor. Lootable Power Armor = bad idea.
Definitely true! When it came to encounters with Enclave patrols in Fallout 2, unless you were cheating, or had a lucky day, you generally got chewed up pretty quickly. Now as you progressed, the encounters became more balanced, but there still was good reasoning behind finding/acquiring power armor. Fallout 3, made Power Armor just another accoutrement that you could wear(but it really added little to the game).
I agree with you on this one, at least.
In Fallout the original, getting your first suit of Power Armor was an awesome moment. In Fallout 3, it's just... yeah, that's cool. I guess.