Is there a mod out there that does nothing other than reduce the time spent watching VATS? I don't want to change the damage sustained in VATS or chance to hit or anything like that, I just want to reduce the time it takes between when I activate VATS and when I regain control of my character. Preferably it should play nice with FWE. Thanks!

I think FWE has http://www.fallout3nexus.com/downloads/file.php?id=1650 included in it. Or http://www.fallout3nexus.com/downloads/file.php?id=2764. I didn't notice a difference so have Fast VATS separately. I used to use it before I had FWE as well.

There is http://www.fallout3nexus.com/downloads/file.php?id=1650 and also http://www.fallout3nexus.com/downloads/file.php?id=2764.

FWE includes slightly modified versions of these original mods as optional files as well.

It's too bad more people don't try these mods out, particularly for those thinking VATS is a god button. These mods equalize player + non-player movement speeds in VATS (in addition to speeding up the animations). The result is that you have to be a LOT more thoughtful about when you use VATS, because, your target can move out of your field of view or behind cover during the animations . . . and you'll end up missing. Anyway, I can't play the game without these changes.

I on the other hand tried fast-dramatic VATS and didn't like it. The player seemed to take too much damage while in VATS to make it be someplace you wanted to be :/ .

Yes, those mods changed the player damage to 100% too. FWE is setup up so that if using normal VATS you take 100% damage, if using "half-time" VATS you take 75% damage, and is using the "real-time" VATS you take 50% damage. You can override any of this in the FWE control panel too.