I mean, how epic would it be to have the horse in auto-run while we were in 1st person ready to line up a shot with a bow and arrow to kill someone with a headshot? I can see horse combat being impossible to implement now, we would have to wait until Bethesda releases the Creation Kit for modders, then maybe a dedicated person could rework and add new animations and introduce horse combat. Yeah, I would download a mod for 1st person everything, too! I would also love to have a view of my body and legs when looking down, but that's not as important to me. I like first person, and I would like to stay there. Horseback riding, because the horse animations make me cringe, smelting, smithing, mining, etc. Though I would prefer it if I could stay in first person for everything. I too would like to see a first person locked mod. I see no obstacles in there way if they already did it in Oblivion. Yup, I forgot to mention Oblivion had 1st person horses, which makes it even more odd they didn't give us the option for Skyrim.
As for horse combat, I imagine that they ran into some technical problems, or they would have considered adding it in Skyrim. I'm fairly sure I was able to play Oblivion and see in first person when mounted. Further whats really annoying is that when you get off your horse, it starts attacking your foes and gets in the way.
