What exactly am I missing? What happens out there? I just get the feeling that it's going to be the same repetative events, like wolf attacks, or be eaten by a bear.
i had this thought but i went ahead and did it anyway. It does several things.
It .helps with immersion. You stay in a given area longer and feel more attached to it. It makes the cites feel MUCH further apart. I use the werewolf at night to travel because its MUCH faster, and it still takes quite a while to go from whiterun to riften (not stopping for much). You have quite a few random events (think red dead redemption style). I played 100 hours on my first playthrough that i used fast travel with. Ive seen things i never knew about it my first playthrough. Doing quest feel much more like an actual adventure. You have to fight your way to/from the destination, you have to prepare for that fight, limp back if badly beaten. I find it to be very fun. Note that im playing on expert difficulty, The little bit i played on master made it feel redundant at times, while the one below expert felt easy. I find its a good balance. Remember if you just HATE not fast traveling you could always go back to using it. Your not going to lose ANYTHING by trying.
also, i allow myself to use the carragies, though if your on pc i sugest that use download a mod that makes travel cost go up, ive got mine set to 600 gold per travel, That way i can use it but it ACTUALLY HITS me in the coin purse.
have fun.