As carg said - the traits/skills keep functioning you just cannot inspect them.
As for which to just avoid - unnecessary weapon skills. This game truly favors swords and staffs - dagger for wizards is nice because of the Wizard's Dagger - but the rest of them you can pretty much do without. If you want to have someone specializing in bow - try to not make them need to specialize in too many other weapons.
I didn't fret too much about this particular problem in the game. I think you'll find that you can do what you want without the screen size limitation being that much of a problem!
Wyv
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