DAOC had capes. Your guild symbol went on the cape. The only way to get a cape was to join a guild. Much better system than the ESO guild tabard, which is hideous, looks like a body-bib. Almost ne
Actually there are addons for capes/cloaks in Skyrim and Oblivion (well, I think Oblivion - there was when I played it last which admittedly has been a while). No, they aren't in the base game. And
shape boundaries, clipping, resources to show capes on a hundred players around (or a way to gracefully degrade rendering of capes for others on the screen), risk of raising hardware requirements and
It's quite simple. Players wanted capes for the longest of times. ZOS added Wardens and Necromancers, brought Dragons back, player housing and storage etc. You really think ZO$ wouldn't make lots of r