Have you all seen the remake of Ultima V called "Lazarus"? Its a complete ground up remake of the game using the original dungeon siege engine. Its fantastic and I think it stands right up there with the great ultima's.
I think it really proves that content is more important than the graphics, because dungeon siege bored me to tears, but this game kept me captivated for weeks.
It realy is quite amazing that a volunteer project could turn out so well. I think the strength of the game is in the dialog writing.
Check it out;http://www.u5lazarus.com/