I hope some patches/mods for the inventory system come out soon.
Bethesda knows their games are bought for replayability and community mods so it seems that they make a lot of sacrifices no other gaming company would, knowing that the more annoying it is the faster some modder will totally replace it with far superior execution. To be fair though, no other company cranks out fantastic open world games that are as good as Bethesda's on such a regular basis. All of this pays off when a five year old game has graphics as good as a newly released one except with half a decade of damn near professional effort by thousands of modders.
The game looked meh on all maxed, but that isn't a dealbreaker for me (after all, I still sometimes run old Deux Ex 1, probably the best game ever in its genre). it was boring like hell, and the whole game screamed quantity-over quality. FYI - I played all previous TES games vigorously, starting properly with Daggerfall (didn't have good enough rig for Arena back in those days, but I played it too a bit). This was just nothing-special experience, and I uninstalled it after few hours of gaming.
2 weeks ago installed Witcher 3, and those games are uncomparable. 21st century meets 80's arcade gaming (heck, not even). Visual side is one aspect, but this game is simply better in every possible way.
Obviously though there's a balancing act at play. The flip side to not having these features is that some of the inventory management stuff is a bit inconvenient and boring and cumbersome. But people tolerate that to an extent if the rest of the experience is worthwhile.
Of course this would work more smoothly in practice if the modding tools were ready, and if UI extensions were easy to make and manage.