I loved morrowind when it came out played it to the core!. But i would love if Bethesda overhauled morrowind by getting a few voice actors to voice all the characters as very few characters are voiced in game instead text based diolouge is the main. But i've seen the modded pc videos on Youtube of Morrowind with brilliant lighting and water animations like this http://www.youtube.com/watch?v=DWD2GOWHmFs&feature=related. Which is just superb. Also skyrim style animations would be a nice overhaul
no need to change anything other besides voice actors for all characters,Graphic overhaul and new animations, like the halo anniversery.
I hope bethesda would take an idea like this seriously they would make a lot of money!

Id rather they spent that time on a new game rather then updating an old game. The only reason it was done for Halo was to make it look like the other games, since graphically, there was little difference between Halo 2, ODST, 3, and Reach, as they were all made for the same console, where as Halo 1 was made on the XBox.

If you want Morrowind to look like that video, then get a PC version and download the mods.

Side note, Halo 2 was released on the original Xbox.

Yep, 2 was also Xbox. It's more that 2 defined the visual style of Halo than the quality.