I would also like to see character specific saves ... and option to change characters whenever i want ...
Profiles could be usefull ...
But then you need to go to menu when you wish to switch between characters. :-/
There is no way to simply load "someone else" saves when you get tired of one character, and wish to try another. :-/
Since this feature was allready present in games so old as KotOR 1, Mass Effect 1, or Dragon Age: Origins ...
I would dare to presume that we have the technology. :-/
//edit:
Also i didnt check yet, but i dare to presume that every new profile will get default settings ...
Dunno about you, but i dont quite enjoy the idea of go through whole settings for every single new character. :-/
And I'm assuming you can't just delete a profile as easily as you could save folders.
Nope ... it takes simply two clicks ... one for little "x" icon, and second to confrimation button, simmilar to deleting save file, but in this case you will delete all your save files.