This idea has surfaced a few times that I can remember, but a comprehensive pack has never actually materialised. There are a few reasons for this (I think all these have already been mentioned) like ensuring permission from the appropriate modders is gained, keeping such a pack up to date with new releases and personal choice as to which mods to include.
I fully understand this but there's the other point of view: someone just wants to play the damn game.
A few posts in another thread on here got me thinking about Baldur's Gate and it looks like one can lay their hands on a combined box with the original, Baldur's Gate 2 and both expansions included. I only ever played BG 1 and it's one of the few games I actually finished but for some reason I never picked up BG2 and then Interplay went bellyup.com
So, I was looking into the this combined pack and also doing some initial research as to graphical updates. I found quite a few on different websites and I was in the position of thinking: "Just tell me what I need to download so I can play the damn game."
I
don't want to spend weeks researching the various graphical updates, tweaks, additional quests and unofficial bugfix mods. I want to (at most) spend an afternoon on a few websites downloading the key updates that'll enable me to play the game at a decent resolution and with major bugs squashed. If I'm missing something then that's no big deal.
I see my situation with Baldur's Gate as anologous to someone looking to (re)install Morrowind who would find a pack like suggested in the OP a great help. They don't care if they're missing out on everything; they just want something that tarts the game up a bit (so texture packs and mesh replacers that follow Bethesda's originals designs as closely as possible) and fixes any major bugs (so MCP and MPP)
A lot of us who post on this Forum here (well, OK perhaps it's only me) spend an inordinate amount of time preparing the game the way we want it. I enjoy finding new mods, editing then together (if needed) and assembling them into something that fits what I'd like to see. I think there are lot of people who would be interested in playing Morrowind who aren't like that: they just want to play the damn game.
So, I think there
is room for a beauty pack. It wouldn't be perfect for everyone, it wouldn't necessarily be how I (or probably anyone prepared to devote time to the research, set-up and configuration) would set-up my game but it'd be most of the way there.
Going back to my Baldur's Gate situation I'd be perfectly happy with something that improved the graphics in the original game (BG1Tutu allows me to play BG1 with BG2's engine) and a few bugfixes (Baldurdash and Dudleyfix look like the ones). I'd know I could do more but I don't think I would want to invest the time required to do it; the return I'd get on that extra time doesn't seem worth it to me: I will have improved both the looks of and number of errors in the game to a level I'd be happy with.
IMHO, something similar for Morrowind would be a godsend: "Get the beauty pack, get the MCP and MPP and you're good to go. Oh, and if you want more then have a look at all this other stuff."
I expect to be disagreed with here