I bind my sword and shield to hotkey 1 and 2, and my bow to 3, but after using '3' to get my bow and then '1' and '2' to re-equip my sword and shield the '3' binding is lost. Even if I go back into the favorites menu it's no longer bound to '3'.

Anyone else having this problem? How did this get past QA, it seems like a very fundamental bug!

Oh man, YES, exact same freaking problem, and cannot find any info on it so far.

I read something earlier about this. I think they said the problem only arises when you have more then one of the same item in your inventory. Do you have more then one of the bow you are trying to hotkey? Try getting rid of one.

Same issue. Will get rid of dupes, but still it needs to be fixed.