TES V. Skywind

The unfinished project, originally named Morroblivion, which aimed to completely convert Morrowind to the Oblivion engine, has been renamed Skywind. The new goal is to recreate Vvardenfell with all its quests and objects on the Skyrim engine, based on the existing work. 55 quests from the Morag Tong faction have already been implemented.
The plans also include porting Oblivion and the mod Tamriel Rebuilt. The map for the first one is almost ready.

Animated steam and sparks above the lava:

It is unknown whether the developers will have enough patience to complete the project. Below is an introductory video of the pre-alpha version, made about two months ago.