I think this is a definite necessity unless the modding tools allow for custom assets and we get some armor mods akin to the way modders in the bethesda modding communities always have made. At the very least I'd like to be able to have a "vanity" slot or something to make sure we get the looks we want.

"You either die the hero or live to see yourself brought back in the sequel as an angsty magical terrorist."
-Serious brownie points if you get the character to whom I am referring.-