A Hammerfall project is released and has been steadily updating its content. http://www.tesnexus.com/downloads/file.php?id=34484
And another Morrowind esque project I am familiar with, Sheogorad the Forsaken Isles, but I beleive they have hit a snag. http://www.gamesas.com/index.php?/topic/1023007-wipz-sheogorad-forsaken-isles/page__hl__sheogorad__st__160
There is also this mod, but it seems to have died as well http://www.gamesas.com/index.php?/topic/1060544-wipztes4-vvardenfell-ashlands-north/
And if you are interested in the armors, Vvardenfell Imports is absolutely stunning.
Sorry I couldn't offer any more, but those are the only current similar projects I am aware of.
edit: fixed a misunderstanding