I'm a man. I love looking at ladies, the less clothes the better!
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With those things said I hate the iron bikinis in video games. They look silly, they do nothing for me sexually (sorry, I like looking at real females), and IMO they make the games they are in seem more immature.
What I'm getting at is it really has nothing to do with silly claims of sexism or anything like that (who cares about that crap?). What it boils down to me is the majority of the time the iron bikinis and half dressed females in video games are done in such a way that it just makes it silly and immature. There are plenty of examples out there where female warriors and dressed in functional armor...and they are examples where they even retain some of their femininity. I think it's totally possible to have female warriors in functional armor, retaining some femininity, while not having them look like silly warrior hookers designed to make 12 year old boys drool.
Kein posted a great example. The armor looks great, but you can clearly see it's designed for the female form.