I like to do it all! Not possible this time around I think. The strongest part of the character develops through perks, and you only get so many.
Like Oblivion it's easy to run into the "leveling problem"; too many levels and not a playable selection of skills. I am trying to keep focused on a fairly narrow range of skills that help me kill stuff - at least until the main quest is over.
All classes appear to have abilities that are very powerful, so I think Bethesda did a good job on balance.
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