Remember them from Morrowind (Ok so it was an add-on)? But werent they just brilliant?
I have yet to come any arrows with a magidcal effect other than if I use a potion to poison them and that isnt really a magical effect.
Does anyone know if such a thing exists in Skyrim.

Agreed!
It would be amazing to have in Skyrim, especially for those times where you need to make a shot count and only miss by an inch.

Sadly they don't have them, plus with the bow system and damage in Skyrim, it might be easy to go overboard with power haha.

I dont know why, but it was my favourite shop in Morrowind.

They need a bowmage kind of thing going. We should be able to buff our arrows with spells to do certian types of dmg. Also able to induse magic skills into the bows to be able to do aoe attacks. They need some skills for archery like double shot or rain of arrows and stuff.

Yeah, I just dont think marksman, bows, arrows etc was given enough thought.

At least bows SHOW their increased damage (not including arrow) when you wear archery enhancing stuff. Other weapons just show their basic damage and you have no way to know how much they are actually doing - except by reading the wiki article and using a calculator.