Originally Posted by sakichop 
I play 99.9% of the time in 3rd person. Funny thing is I feel I have greater control of my character and surroundings that way. I guess it's good they included both perspectives.
Yup, I prefer playing in 3rd person as well.
About balancing: "balance" is like "opinion". Everybody has a different idea about just what it should be so Bathesda could never balance Skyrim exactly to everybody's liking. That's why mods are so useful because you can pick and choose balance level you want.