What I'm wondering is will TESO have some type of Fashion tab, item visual changer or will we forever be wearing our Armor.

Examples of MMO's that use different representations of Armor:

• WoW: this use to be wysiwyg (what you see is what you get). This has been changed to a Transmog system, where you can obtain a "look" you want and change the appearance of the item.
  
  • cons: you have to obtain a new item for your Transmog every time you 'upgrade' a piece of gear.
• The Secret World: This MMO uses a Fashion type menu that you can select from your "looks". The talisman were your armor. This gave you the freedom to always wear what you wanted to wear.
  
  • cons: you have to 'unlock' fashion. (which was done via quest or purchased via NPC or purchased via cash shop).
• The Forsaken World: This MMO has a simple Fashion tab. This tab can be outfitting with visual only gear. The option is to show Armor or show Fashion.
  
  • cons: each fashion item used an inventory slot while not used. I believe they have finally introduced a Fashion wardrobe.
• SWTOR: This MMO has items that allow the looks and the mods you place determine the stats.
  
  • cons: having multiple 'sets' of RP gear required you to get multiple sets of mods.

Which will TESO use? Personally I like The Secret World version best, followed by SWTOR.

Nearly every MMO these days has an appearance tab, only one MMO shines above all others and that is LOTRO. If they are going to have an appearance tab then they should go with a system like LOTRO but also copy EQ2 weapons appearance tab.

The Secret World is okay but it has no dying system from what i can remember.