Since TES5 is set an entire era after the events in TES4, I was thinking that instead of an out and out remake modders might get creative with the resources of both games and create ruins, bandit camps, well armored legionnaires, Thalmor outposts and embassies, collapse a few caves and dungeons, maybe add a few new events, , restructure a few towns, turn a town or two into ruins, build a town or two, etc as this gets through the alpha stage.
Maybe create a museum full of Oblivion styled stuff that's not in Skyrim?
It would be rather neat, I think.

That would be cool, but I think it should be optional and worked on last or it won't fit in with the Morrowind 3rd era time. You have to understand that it is creating a basically entirely new game so it doesn't really have much to do with Skyrim. Let's see what the moderators say :)
LOL with your avatars look almost the same, I thought you were schizo. :D
Regarding Skyblivion, the original effort is to re-make Oblivion (like Skywind is remaking Morrowind). That doesn't mean that it will be exactly the same because we can improve landscaping, level design etc... but the goal is really to feel the same as if you were playing morrowind/oblivion, as if it was released in 2013.
Think re-making a classic movie with modern CGI, modern storytelling techniques, etc... (let's not start a debate on Hollywood remaking trend :P)
Any other project to make morrowind/oblivion as they would be in Skyrim's era are obviously welcome but are optional downloads / new branches. This topic has been discussed multiple times in the forum.
You can have a look at SupremeEpicness' work. That's awesome, and I'm glad we have him around, and I'll certainly play his mod a bit further. That's just not the original scope.
Maybe some people from this site could help with this mod.
http://skyrim.nexusmods.com/mods/31128
it's trying to make 4E Morrowind and I really like it so far.
Wow that Shadow of Morrowind mod actually looks really good! We should get that person working on Skywind!
Here's a screenshot from it. My character standing on the statue of Azura in Blacklight. Sorry about the background. I had my graphic settings on low. It usually looks a lot better.
Oh man this mod(I think it's this mod). A certain someone was angry about his comments in his mod comment section, and when he(the author) pmed one of the Skywind team members for something he(Skywind team member) made, he(the Skywind team member) didn't respond with a very friendly response.
And these are screenshots from a different mod that I made which is supposed to be a bit of an add on to that mod.