I think this just kind of shows a failure to understand a lot of potential female (or male) gamers though. They care about what stuff looks like, it is absolutely essential, period. The art direction is just terrible, in every sense of the word, beyond just character armors, really. Stuff has to look good.
I'm a female. My friends are female. Numerous users on this thread are female. There are several prolific bloggers who post on this issue. The absolute majority of females that I have encountered have all been saying the exact opposite of this. They want armour equal to that of males, as an option at the very least.
I don't know where you're coming out with this BS armchair psychology of "all females want this because I personally want this", and I don't know why you've suddenly taken up the banner of representing every female in existence, but you clearly don't.
God. It reminds me of designers saying "no it's okay that all our females are wearing nipple tassels and a thong - those characters choose to wear those outfits!" to justify sexualising their entire female cast. It doesn't work then, and it doesn't work now. 