Oh, I also found out that smithing doesn't max out at 100. I enchanted some armor to put smithing up to 200, and made some stupidly-powerful dragonscale armor and daedric weapons. Apparently you can do even better if you get alchemy up and engage in a nice little loop:
+enchantment potion
Use +enchantment potion to enchant better +alchemy armor
Use +alchemy armor to make better +enchantment potions
...and repeat until you're ready to use the +enchantment potions to make some +blacksmithing gear and some sick gear enchants.
I haven't gotten alchemy up very far yet, though, so I can't be sure how high you can go.
+enchantment potion
Use +enchantment potion to enchant better +alchemy armor
Use +alchemy armor to make better +enchantment potions
...and repeat until you're ready to use the +enchantment potions to make some +blacksmithing gear and some sick gear enchants.
I haven't gotten alchemy up very far yet, though, so I can't be sure how high you can go.