http://www.gamesas.com/topic/1143962-relz-race-balancing-project/ diversifies and balances all the races nicely. As I recall it allows wood elves to craft their own arrows and makes the the racial spells/birthsign spells less one hit wonders that quickly become useless.
There's a readme detailing all the races stats and abilities http://theelderscrolls.info/?go=9XReadMeBalancingProject#4