Please state in your comment if you mainly PvE, PvP or both.
(PvP) In my opinion, yes.
Lets say health, magicka and stamina all had soft caps at 30k or so, weapon/spell damage at 2000 and regens at maybe 1500... Imagine what you could do with all the leftover stat points you'd have. You could either spec higher in your secondary stats and go for a hybrid build or you could use a standard magicka or stamina build with some unique 5-piece that fits your playstyle.
With a softcap in place, you have a lot more interesting build options. Want to use Magicka and Bow? Go for it. It might not be optimal but it'll work. Want to play a stamina templar but be able to use your class heals and other abilities? That'd work with soft caps since you won't be pidgeon-holed into going all-in on your main stat.
It would open up for a lot more experimentation. You could try all sorts of builds and really explore the limits of ESOs skill and gear system.
Edited by Dudis on August 1, 2016 5:57PM
Should stat soft caps be added to the game again? 50 votes
YES, reintroduce soft caps