I agree with V99, that we should be able to choose between 1st nad 3rd, because I think it would be kinda cool but it would change the gae so much it might ruin it.

They should definately allow you to move while aiming though. Shooting while on the horse, without being able to steer made horseback archery almost useless without L-targeting in TP. Unless they fixed that for the Wii version.