The first demo of DFTFU (Daggerfall Tools for Unity) has been released:
http://www.dfworkshop.net/?p=1823
There's also a thread with screenshots on the forums:
http://forums.dfworkshop.net/viewtopic.php?f=4&t=37
It was really amazing to see the mountain shapes in the far horizon (without using a skybox) and the increased view distance. Plus all the small details like the grass and the birds in the sky. I got the feeling this was the way Daggerfall was meant to be done if technology allowed at the time. Can't wait to see what these guys will do with the ocean, rivers, lakes and the coast line. It would be cool to see Privateer's Hold represented the way it is described in the lore: a cave entrance in a coast wall that cannot be climbed. Again nice work.