I think it is dumbed down though just not in that way. I don't mind quest markers or not having to think that hard to play the game. I'm not an elitist, I am more than happy to share my game with people of low intelligence. I don't want to play something as pretentious as a game exclusively for those that are intellectually gifted or oriented. I do, however, think waaaaay too much has been removed. Here's a list of things I miss, and I do count it as dumbing down because all that means is being made simpler. But with a negative connotation.
-Acrobatics/Atheltics: The roll from acrobatics was so essential to my gameplay. Now there is no proper dodge mechanic, and you have to block or bash every attack you want to avoid. Or run away. Also now since speed isn't influenced by a skill only your height makes a difference which makes all Altmer faster than Khajiit. That doesn't make any sense. You also can't do anything while jumping anymore.
-Forced 3rd person: No more 1st person horse was an ouch moment. No 1st person werewolf was a http://www.youtube.com/watch?v=WWaLxFIVX1s moment
-Underwater: You can't do anything or kill slaughterfish.
-Guilds: They're so short. This I think is literally dumbed down. Its like they are made for ADD kids. I have freakin ADD and they're too short for me.
-Spellcrafting: Its just not there lol. as well as spell variety
-Death animations break combat...literally. No more close calls or barely survived fights
Those are the big ones. The list of stuff I think was improved upon is way bigger though. Waaaaay bigger. I just think they forgot about some really important [censored].
Removing features that didn't serve a real purpose, or adapting things to the new combat/AI system in Skyrim does not qualify as dumbing down. If you don't like it, just say that. Don't make it about some universal concept of catering to stupid people.
-Many people hated Athletics/Acrobatics, because they were basically just leveling-sinks.
-How on earth is this dumbing things down? It's just a different perspective. Again, if you don't like it, fine, but please get off your (3rd-person-only-please) high horse.
-Because it always made sense that you could swing a giant sword underwater just as fast as on land. This would be the opposite of dumbing down.
-I
loathe this complaint. The guilds aren't really much shorter than Oblivion, each individual quest is much, much longer. There are no guild quests which consist of running next door for the lazy Arch-Mage.
-Please stop. The dead horse can't take much more of this.
-Kill cams don't always happen, and they only happen
when you are already going to die. The game doesn't initiate a kill animation unless the next blow is actually going to kill you. And I have plenty of fights that I escape by the skin of my teeth.
Again, if you don't like features, that's fine. Just stop placing everything you don't like under the umbrella term "dumbing down". You are not automatically smarter than people who like these features.