I found a mod(readme and ddl below) and it sounded like it might be neat so I tried it out. It has a lot of really neato spells seen in this picture. they are all projectiles aside from the vanity camera spell and what's selected.

http://i13.photobucket.com/albums/a253/eiwo/Oblivion2011-05-0318-58-47-99.jpg

the, "travel" spells make npcs move around aimlessly in the fashions described. The mark/recoil acts as a mark/recall spell and the spell delete spell is a projectile but I didn't really test it out much, I think it just cancels whatever you've shot at an npc.
The real interest grabber, for me, is the auto follow spell. It acts as an targetting system very similar to zelda. you can look away from the target npc but it zaps you right back onto it. The spell allows for strafing around a shielded npc with ease and looks really cool in third person. When the npc dies, leaves the cell, or you jump, it cancels and f the npcs comes back to life or the cell it turns back on. Reeaally cool. The config is in Japanese so I have no idea what it configures. OH, and it also makes the tfc camera move a lot faster

Now that's all great but I'm pretty sure this mod really messed up my oblivion.ini
when i closed the game and booted it back up the fov was at 90, the loading screen only came up half way and was click throughable, and when i went in game via the continue button I couldn't do anything but open the console without being able to type. To remedy this strange occurrence I deleted my ini after seeing if changing my fov back would fix it(nope) and it was all working again with the mod off.
I have no idea what that's all about and I'm writing this in hope someone can help me inspect this mod! I reeeally like that strafing ability since I prefer to play in third person and mash things with a club. I hope someone can help but make sure you back up your ini when trying this mod though

RecAssist"
SS · is a MOD to assist the movie.
Operation of the camera (actually, first-person action of player characters) and
NPC is usually performed from within the game will add a magical Kontoru.

OBSE v0018 or higher is required.

RecAssist ver2.0 (2011/01/09 update)
shy.jsphr.net/upload/img/ups21981.7z