Here's a new trailer for Skyblivion. As
Skywind seeks to translate Morrowind to the Skyrim engine, so Skyblivion seeks to translate Oblivion to the Skyrim engine.
Both projects are part of the TESRenewal project, although Skyblivion is being worked on by a separate, smaller team. Skyblivion is described as "very early in development" at this point and is seeking volunteers.
"We currently need people who can help us recreate Oblivion assets (armor, misc item, rock, flora etc) we also need a few skilled people to help with navmeshing. For the less experienced there is a small task that need to be done and that is FaceGen," according to the video's description.
If you're interested in helping, you can do so
here.