One thing that frustrates me a lot about this game is the favorites menu. If I favorite, in this order:

1. Iron Sword

2. Long Bow

3. Flames

Every time I try to switch from flames to long sword it no longer will equip my shield, instead it pulls up my long sword and flames in my off-hand, instead of my shield. Adding my shield as a favorite does not seem to help. Every time I have to re-equip it manually.

Is there something simple I'm missing here?

Fraid I don't think so, I'd also have loved to hotkey in a way that when I opt to pull out the heal spell it replaces my sword instead of my shield...especially since if I'm resorting to a heal spell then likely I'm fighting something pretty tough and last thing I want to do is lower my shield.

That svcks, It would be extraordinarily useful if I could make my number 1 fav:

1. Long sword + Shield.
2. Long bow
3. Flames