So, one thing I like is being able to grab items like in Fallout 3, New Vegas, and Oblivion. Why? To decorate my home. As a PS3 user, I can't just edit an item to display in my home, much to my disappointment. My question is, have I overlooked some button to 'grab' things, or did Bethesda remove this feature entirely?

Well to drag/carry items, on my xbox controller it is just holding A (Interaction button). I suppose it should be the same for PS3, holding button for interaction.

Hold X for about half a sec.

Just hold down the button you use to pick it up instead of tapping. In your case, X or O depending on whether you have the American/European or Japanese version of the console.

Oohhhh. So they changed it from anologue clicking. Thank you so much guys.