YES.
Get alchemy to 100 and climb that tree.
The three ESSENTIALS for ANY character are smithing, enchanting and alchemy. Anyone tells you otherwise doesn't know how to play this game to the greatest enjoyment.
hmm...guess i'm going to have to elimate another skill.
Here is the ones i would like to invest in:
Conjuration - For summons or bound weapons and soul trap (one or the other)
Destruction - Want to use this for Ice or Fire Magic/Cloaks
Enchanting - Plan on enchanting sword and armor
Restoration - not sure i'm going to use this now that i need alchemy
Archery - will likely use this to snipe an enemy then charge them, won't have too many perks in it.
Sneak - only enough perks for the bow damage
Light Armor - my main source of armor
Smithing - improving my sword(s)
One Handed - Main combat skill (with destruction)