So I've been screwing around with different xpadder configs for Oblivion and I got the idea for an action/adventure 'Assassins Creed'/'Legend of Zelda' controller config. So far, I've got Running Revised (to simulate sprinting in AC) and 'CombatModifcation20c' (to simulate 'Z targeting'). If there is a better targetting mod or just any other mods in general that you can think of that might enhance a '3rd person action/adventure' style playthrough, I'd love to hear about it (I've also got MAO/DMC stylish running and Shield on Back) but as far as I am aware, a specific type of mod I am wondering about does not exist.

What I have in mind is a mod that displays what actions the player is currently capable of performing a-la http://www.gamingheaven.com/gamingreviewimages/assassins_creed_pc/2.JPG along with 1-4 on the hotkey list similar to how the Zelda games present what is currently available on C/XYZ/B. The context sensitive bit would work by displaying specific 'buttons' based on a modifier key, similar to how it works in Creed and also games like Phantasy Star Online.

I imagine this would be a job for OBSE/MenuQue but I really have no idea. I don't even expect anyone else would be interested in something like this, but I figured I'd put the idea out there anyway.

you could try setting such a thing up with HUD Status bars, it's now capable of adding custom images and text etc. it will take you some time however

Can custom status bars swap out different 'images' with a key press and can it read what is currently assigned to your hotkeys?