Unfortunately, I do not have a gaming PC right now. Once I finish paying off my guitar, I will start saving and build one for Syrim, and also Morrowind.
Will Morrowind run fine in Windows 7 or 8?
What sort of mods are available to overhaul the combat, magic, and other game mechanics?
What sort of mods are available that add new content?
I'll let some of the experts help you with mods. But I'm running MW on a damn near 10 year old PC and have it modded heavily and it looks gorgeous. I didn't mess with game mechanics so I dunno.