Go search on Reddit, coming soon to nexus. On my phone or I'd post a link. Looks promising although early into it. Runs one game as a host server, and clients for those who join in. Anyone here tried it yet?
Link: https://www.reddit.com/r/skyrimmods/comments/3ad3cy/help_tamriel_online_testing/?sort=new&limit=500

There's no discussion since about everyone here knows it's hopeless project.

What are they going to do, rewrite the entire game? Because that's what it requires. And I'm not talking about engine alone...

You should actually look at it. The modder seems to be quite skilled. https://www.youtube.com/watch?v=1acVhRVOt4o is Brodual's look at it.