I know this will most likely never happpen, but Valve, remade Half-Life(1997) in 2005, with dynamic lighting and ragdoll physics, and they are developing the second remake which will include high def models and advanced character animation.
That allowed Half-Life to remain one of the most played games currently, even after 15 years.
And because the older games generally have a better storyline, i guess it would be everyone's dream to see the old Elder Scrolls games "revived"