Morrowind would be a whole different beast to remaster. Not saying I wouldn't enjoy some better graphics and tweaked systems, but it would be a hard sell to most gamers if they only did that.
-no voice acting -outdated gameplay systems -Game map that wasn't designed with unlimited draw distance, fast travel, or even unlimited running in mind.
Honestly at this point it would be better served by a full remake.
Oh, guess I don't have to worry about catching up on all the dlc I've missed!