I have to be honest I'm still not impressed with even this change of leveling either. Its better than oblivion but not by much, you are still just way too limited in what you can do. You still kind of have to focus on just being one type of character, which for me is kind of lame, and really, you would think by know that Bethesda would put something in the game that allowed you to respec. I want to use one handed weapons, destruction magic, heavy armor, restoration, and smithing, and I know that its just not gonna happen and from spreading my perks out I'm going to become weak eventually, which really I'm not asking to have every perk in the game just a variety......I'm liking the game, but really your not free to be what you want, its false advertisemant.
Being free to do what you want does not mean that you can do everything possible. And just because you can't do everything, doesn't mean that you have to stick to only one. Right now, I'm a Destruction Mage, Assassin (bow and dagger), and a Smith.
Also, I heard (not entirely sure yet) that the first 50 levels gives you perks... Every Skill Tree has around 10 perks (havent actually counted, but I think I'm close) then you can master 5 different things, which sounds like plenty for one character. And you can do even more if you don't fill the whole tree, and instead only specifics (say you only do Fire in Destruction, and not Frost or Shock)