Too many people are asking for Bethesda to handhold them because they can't muster up the willpower to not make ridiculously powerful smithing equipment. The option to do that is there for people who want the game to be easy, and who want their character to be overpowered. If you want it to be difficult, set the difficulty to Master and don't wear any armor, see how "easy" it is then.
but for generic game play, the early 'huge carrying capacity' will play a huge role on why this if not the easiest if not one of the easy good games out there in the market.
1. Games today have to appeal to a wide audience to compete in the industry. If games are made to difficult, its a turn off for bad people. 2. There is a difficulty setting 3. Single Player or Solo played games in general are never "hard". If you want something challenging - go PvP or MP...but - you won't cause that is TOO challenging.