I have been reading the forum posts latley and have seen people talking about Morroblivion comming to Skyrim, i think this is an awesome idea but i have an idea of my own.
If the Morroblivion team teamed up with the Tamriel rebuilt team, creating not only Morrowind island but the mainland in the Oblivion game engine. i know alot of Tamriel has been built in Morrowind but once that is converted then can build the rest within the Oblivion game engine.
this brings me to my last thought (more of a dream of mine than a thought), if Morroblivion/Tamriel rebuilt was put into the skyrim game engine, to me this will be a dream come true =).

If no one plans to convert