As Ishmael said, this sort of tweaking won't happen until Bethesda releases the Creation Kit.
Oh yeah? Run this command in the console:
PlayerEnchantObject 877B1 1EA6C
This gives you a Silver Ruby Ring with permanent Candlelight. The description says the light lasts for 0 seconds, but I tested it for at least a minute, and other enchantments made with this command appear to last indefinitely as well.
You can use any object ID for the first parameter, and you can add a second magic effect (MGEF records when using the console "help" command) ID as well.
Edit: Replaced "enchantment ID" with "magic effect ID".
Edit2: Here's a link to http://www.gamesas.com/index.php?/topic/1267776-enchant-night-eye-on-anything-pc-only/page__p__19231087__fromsearch__1#entry19231087.