Having you target a character then using the mouse wheel to adjust the parabola might do it for you. I know I've seen that in at least one other game.
Personally? I would like for the projectiles to just go straight.
As they are supposed to do both in reality and according to D&D rules.
But sure, I would accept this compromise over what we have now if it was the only option.
Also, thanks for the confirmation, timebean.