In Oblivion you could pick-up objects like Books Ect...
And set them down in a different spot. Can this be done?
In skyrim? This would make decorating my house so much
Easier.

Hold the pick up button over the item.

Look at the object and hold down the action button (search/grab/etc.) On xbox you hold A to pick up the object then hit a again to drop it...unfortunately you can't rotate it or anything and telekenisis can't place objects gently anymore, it only brings them to you then launches them away