I know there are plenty people out there who enjoy playing this in third person, but for me (and I'm sure many others) it destroys the immersion of the game,
when you get thrown out of 1st person and have to watch an animation. RPG's are about you being the character you created and not watching him do something from behind.
From what I know, this includes:
- Most finishing moves (Imagine how great the dragon finishers would look in 1st person)
- Horse Riding
- Werewolf combat
- Crafting/Cooking etc.
Since technically nothing new has to be added, it shouldn't bee to hard to accomplish this (then again I may be wrong).
Only problem may be Werewolves, since their killing Animations/First person may look a bit awkward.
