You know how in Skyrim (and Oblivion) when you enchanted a weapon or armor you could re-name it to something like "Better than it was now"?
If there is enchanting in ESO, will we be able to rename our enchanted items? If so, what happens if you drop or sell this item? Can someone else in the game pick it up, seeing it is called something it shouldn't be?

Thinking on it more, I don't think you will be able to, but it would be funny if you could. (The again people would just be inappropriate and call it something sixual related...)

Nobody really knows anything other than it will be in the game and soul gems are also in the game. I highly doubt that you can rename the items and you won't be able to see other items that people drop, I'm almost 100% sure of that.