Ok so I was heading from Bleak Falls Barrow to Riverwood, following the river. I jumped in and to my wonder I discovered I could catch fish. So I played with that for a bit and came across the merchant in a little camp, all by her Redguard self. I walked to her and she made some rude comment as I activated talk. I saw her wares were nothing special and retracted my conversation. She turned from me and walked to her fire, muttering how cheap I was.
Now understand I used the Crusader Armor in Oblivion, so I became accustom to not raining my wrath down upon NPC's. Suddenly I realized we were alone, and the gods were not watching, nor did they care. She was so weak, that the first swing of my Ancient Nord Greatsword triggered a fatality animation. My blade slid into her gut, lifting her from the ground and casting her to the earth. And then I learned something. If I kill a lone merchant like her, her entire shop inventory and shop gold are mine to take, and are not marked as stolen. I was so over-encumbered it was hilarious, and I had like 2-3 miles until Riverwood. I then spent 7 rl minutes walking (very slowly) back to town. I gave the guy the claw then sold him her entire stock until he ran out of money.
This game is bananas. I'm at 2468g from that and the claw 400 reward.