Perhaps I am in the minority here, but I felt the ruleset for Morrowind was superior to Oblivion. What are the odds of seeing a demake of Oblivion into the Morrowind ruleset?
Yeah there are tons of mods
Yeah there are tons of mods that make the rules of Oblivion more like those in Morrowind. They add crossbows and spears, get rid of the leveled enemies and equipment, add content etc. etc. Start with FCOM and/or check out my mod list for ideas... http://morroblivion.com/forums/oblivion/general/1655
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Perhaps FCOM is something you should look into.