I answered my own question about why they choose Oblivion over Morrowind in my head last night. It would have taken way more work to bring into the modern age. Oblivion was already pretty close to what Skyrim is, and they even use the same scripting and logic (including bugs that were never officially fixed!) so all the work was just creating the new assets and then taping UE5's graphics engine to GameBryo/Creation.

It also would have required ass loads of money to record every line of dialogue. Remember: Morrowind didn't have a lot of voice acting. It was mostly text-only.

Morrowind would be cool too

I wouldn't be able to stand watching new Bethesda massacre my boy. Leave Morrowind in the past where it belongs.

Morrowind remake with Bloodmoon, Tribunal, and new additions on a map larger than Skyrim, in a self-contained portable VR set that also works as a handheld and PC. I will pay $10k for that if I have to live in a cardboard box.

This is the end for you, s'wit!

But this one has Boromir in it! ...sort of

Remastered always looks like it's spelled wrong

While I'd absolutely love a Morrowind remaster, I'm fairly sure that the encounters with a certain Dark Elf rogue which (for a female character) went a bit like "I'll let you go for a little a kiss, what's the harm?" and Uncle Crassius (Let's see what we are working with, take off those clothes) will be seen as 'problematic' these days.

Fortunately guides like https://wiki.nexusmods.com/index.php/Morrowind_graphics_guide exist so you can make Morrowind look pretty good even today.