Everything sounds good except for the slo mo thing.. and.. btw.. Don't ya think guys its better if you open your pip boy in real time.. enemies are still shooting at ya while your checking it( Just to fell the game to be a bit more realistic and "IN REAL TIME")... and..
Pressing O(or..B I think for the 360) would open another hot-key area dedicated for Equipments and Items
Ex: Press up and you'll equip your Shotgun while O + up would let you heal damage.. or vise versa.. ^_^