I'm guessing thats only for PC though. I meant that on consoles like PS3 or Xbox then your screwed. PC though I figured that it would be easy and if its as easy as you say then I figure I should go get the PC version.
This would have to be implemented by Bethesda. Appearance Slots do not exist currently on any Platform. If you are unaware how this works, for every item slot you have, you also have an Appearance Slot. You would place a corresponding item in the Appearance Slot and the model it would display is that, instead of the equipped item. Now, you do not need to choose between visuals or item effectiveness as you can have both. Granted "logically" or whatever you want to call it, this does not make much sense but it is real fun. You further do not need to only match equipment slots, but can add slots that are SOLELY for appearance (such as a cape/cloak, trophies, tabards, particle effects, clothing etc) which would further allow you to customize your player's appearance. The best thing is that usually with these systems, you can choose a headpiece that would disable the visual of a helmet - so you can see the 45 minutes it took you to get the brown angle and cheek width just right on your character.