I'm currently using SkyUI, but I still have a problem with selection keys in the menu displaying the default values. I changed a good many controls in-game, swapping the Switch POV (default: F) with the Ready/Sheath Weapon (default: R). Consequently, in order to drop things in the menu I have to press F, but at the bottom it still says to press R to drop items. Conversely, it also tells me to push F to favorite an item, even though R now does this. Is there a mod that updates these displayed values so that they match my custom control choices?

Try this:
http://skyrim.nexusmods.com/downloads/file.php?id=368

+1

Fantastic mod.

Thank you! That makes it so much nicer.