I always hated how Oblivion combined short and long blade, combined blunt and axe, removed spears, removed unarmored, made enchanting this process that you could only do if you went and did these 7 boring mage guild entry quests and removed the total number of armor pieces. I hated how spells like levitate were removed and how cities were no longer a part of the world thus requiring a limit to maximum jump height.
Were there possible abuses? Yeah! But it's a single player game so who really cares? So what if you can add chameleon to 9 armor pieces, so what if you can levitate around the world avoiding conflict, the fact is that Morrowind had more depth than Oblivion because there was more you could focus your character around. You could wear different style pauldrons and style yourself in some ridiculous way. You could create an interesting backstory to your character. In short Morrowind allowed you to create a character in this vast world and play it how you wanted to.
When Oblivion came out it had great improvements to casting (only having to press one button as opposed to 2) the combat felt better than Morrowind, the graphics were greatly improved, the physics system allowed for spells like telekinesis (which may be removed now with the lack of mysticism) and overall it was a great game and I loved it but I still missed that depth that Morrowind offered. I figured that these were simply growing pains that ES was going through and that the next release would improve upon these faults with the next release.
Unfortunately that does not seem to be the case, at this point it seems as if a greater emphasis has been put on combat and less on depth. In short its a game for the console masses. Now I know I'm making a big assumption there having seen very little information on gameplay but I've been burned by far too many console centric "for the masses" games in the past 5 years to not feel anything but cynical when hearing news about less skills and combining helmets with body armor.
If anyone can ease my fears that'd be great but I have a feeling all I'm going to hear is a community manager telling me how awesome the game will be and that I should really wait to see more information.
I will wait and see, but right now it looks as though I probably wont even buy the game.