I am working on retextering Oblivion Robe meshes with Morrowind Textures (and also doing minor mesh editing where necessary - like adding bags, bottles, insects etc.).
The goal is to fix problems like dis-proportional bodies, seams at joints, missing limbs, holes at the bottom of Ground Meshes, male bodies for females etc. etc. while retaining Morrowind's original looks as much as possible.
Resource Download :
http://www.mediafire.com/?3rjw2837fxgm1
Updated: 21 August 2011
Content: Half of the common robes, All Extravagant Robes, All Expensive Robes and the single Exquisite Robe (Vanilla Morrowind Only) - Male, Female and Ground Models.
Note: For testers only; this currently lacks an esp and so is not a functional mod.
In-Game Screenshots (thanks to HeWhoWatches):
https://picasaweb.google.com/114488212305906167035/RobesRestored?authuser=0&feat=directlink

Nice!
Good work so far. Now hopefully within the next few months Morrowind clothes won't look completely strange on Oblivion NPCs and on the player.