Well, I decided to play around with Enhanced Shaders for Fallout New Vegas and it appears to work with Fallout 3 not that its a big surprise. The only thing that doesn't work is the plugin. I'm hoping that if I just edit the master that I could get it to load and see what happens. Is there any way to go about doing that?

Thanks

There already is a FO3 version http://www.fallout3nexus.com/downloads/file.php?id=16431.