I am thinking of putting together a fairly extensive mod compilation, but I first wanted to know how the community feels about something like that. Some examples would be Oscuro's Oblivion Overhaul.
OOO isn't a compilation, though. It's an overhaul (as it says) in terms of completely removing the strict scaling of enemies in Oblivion to the player. Instead of the game being player-centric, it becomes place-centric. Level 10 critters exist in one cave, and down the road you may find a cave with 20th level undead. That's it's main purpose. It's not a compilation mod.
If this is what you intend to do, it could be very interesting, even though Morrowind is nowhere near as scaled as Oblivion. If this isn't what you had in mind, what do you mean? A bunch of location-oriented mods, like Balmora Expanded? Armor and weapons replacement? Or just a bit of this, a bit of that, some of this, etc? If you can make it a bit clearer what you intend, you'll get reactions that are more effective, in response.