Problem with re-making an old game is it is never going to get the reception it got first time around. In fact the people that loved it would demand that it stayed so true to the orginal that it would pointless. Now if they made a game set in Morrowind or in Cyridiil that was after the storyline of there respecive games and alowed us to explore the years after each then that would great. However there are a lot of unused areas/lore that I would like to see first.
This
I wouldn't be happy with MW if it cut the old armour, weapons, spells, creatures etc. Its not just a matter of recreating the story and quests, essential as they are
There would be almost as much graphics work needed as if making a whole new game and a considerable amount of reworking of Skyrim mechanics required
Even then a large proportion of the original fans wouldn't buy the new version and not all the new fans would be that interested in them either
Far less risky and more creative to make a new title. Its not like theres any shortage of provinces to set new games in and the political situation is quite fluid and interesting now