I've been gone for the past year (I had to take a break from Oblivion.) I'm looking to get back into the game now. What are the new mods that I've missed/should keep an eye on?

A good start is to check the http://www.tesnexus.com/downloads/filesofthemonth.php on TES Nexus.

Ya I read that and got some of them. Are there any others that aren't listed there though?

You may have missed Integration-the Stranded Light, a very large quest mod that requires thinking rather than dungeon grinding. It does not appear on the Nexus lists because the author, bg2408 hosts it on his own site http://theelderscrolls.info/?go=dlfile&fileid=349

Is Dragon Captions any good? I've seen it around a remember the problems surrounding it.