I wear armor myself, and I agree with you to a certain extent. However to be recognized as female by your silhouette is important (for games and theatre) Some decent looking armor was actually in Alice and Wonderland. Obviously fantasy, but still feminine.
One thing I hope they do is allow for the recognition of the figure as feminine, but at the same time, not make it impractically exaggerated
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In games, I like having my character recognizably female. But that can be how weight is carried or how someone stands, or even a subtle bust is acceptable. [i]Subtle[/i] and functional.