@Gibs, you can do that in Oblivion, all you need is a Restore health X points on wearer. combines with some serious Spell reflection and damage reflection items, you can literally make yourself invincible WITHOUT cheating.
@Wood, They might be merging mercantile with speechcraft, Block jammed in with whatever type of armor/weapon you're wearing/wielding.
Dualies is definitely a plus and mysticism was only good for soul trapping anyway.
Shit sucks. Have they learned nothing from Fallout? That's like being level 30 in New Vegas and getting killed by a fucking Bloatfly.
Also, if the level cap is 50, lets hope they fix that bullshit of a level system this time around. Seriously. Leveling up in Oblivion was like watching an igloo melt in the middle of winter. Slow, boring, slow, and did I mention slow?