http://openmw.snaptoad.com/
Written in the D programming language (unusual choice, but the language looks good). So far it's pretty early days for the project (at 0.3), but it looks quite promising. I'm wondering if trying to get him to talk with the Exult devteam might help out a bit...
OpenMW - an open source Morrowind engine?
OpenMW - an open source Morrowind engine?
Stuart "Sslaxx" Moore.