I have just had a closer look at the "TESRenewal Project, a community about merging the amazing worlds of The Elder Scrolls video games into more modern game engines."
The mod has been in development for awhile now (2012) and as a fan project, it requires plenty of volunteers so can only go as fast as they can work I suppose.
The trailers out on YouTube look amazing and I would love to visit the world of Morrowind again. It was the first time I understood these open world games and the possibilities.
Morrowind never looked like this!
This is Seyda Neen where you start the game.
I cant wait to see this come to fruition!