What exactly is Skywind? Does it combine both territories and games so that you can travel around Skyrim and Morrowind with the same character, in the same game? Or does it just make the graphics better? Ik it's not out yet, but I saw it in a thread, and their site didnt explain in too much detail...

Hey friend. We're not allowed to talk about Skywind as it currently uses a lot of assets from Morrowind which infringes a few licencing rights. This can be problematic for Bethesda as you can imagine.

Your best bet would be to do some Googling to learn more.

Skywind is a restricted topic on these forums, so you can expect the thread will be closed at any time.

Yep, what the two posts above say.