Recent interests in NMR spectroscopy of molecules oriented in liquid crystal solvents predominantly revolve around the developments of methods for (1) spectral simplification, (2) novel applications and (3) understanding of the solvent effects on molecular structure and function. A number of such results and their critical evaluations are presented, with emphasis on mixed liquid crystals of opposite diamagnetic susceptibility anisotropies, metal ion-ligand and weak molecular interactions and the discovery of novel liquid crystalline phase. Future directions of research, such as the use of ultra high magnetic fields, partially and perdeuterated samples and near magic angle spinning experiments, are highlighted