Bug reported it to death in beta/lamannia. You still can't target objects super-close to your character.
1) Run against a door, hit your select-nearest-object key, nothing.
2) Run against a monster/portal, hit your select-nearest-enemy key, nothing.
3) Even with the new targeting cr4p off, killing a monster or having your current target teleport away will auto-select a new monster.
All stuff that was reported in beta multiple times, all still broken.