I like the crosshair off, but I DO need it when using a bow, the idea behind the mod would be to have the crosshair invisible when NOT using a weapon, (i.e. walking around town) but have the crosshair visible when a weapon is drawn, (i.e. combat).
Yes, considering they basically took the idea from the Fallout: New Vegas "Immersive HUD" that would auto-hide stuff like the health bar, and the cross-hair, I'm surprised the option isn't there.
With Immersive HUD, you could set the HUD to only show the cross-hair when your weapon was drawn or in combat or when sneaking...
I've been watching the UI thread, and it's still up in the air whether the HUD will be easier or harder to customize this time around, because of the use of Flash