Remaking an old game in a new engine is a venerable and usually doomed mainstay of the modding scene. Always has been, always will be. They either stay 'in development' forever, get cease-and-desisted, or shrivel up in their incubators. It's the natural order of things.
Unless, apparently, they're Skyblivion, the remake of The Elder Scrolls 4: Oblivion in the Skyrim: Special Edition engine. In the making since 2012, Skyblivion just put out a live demo and Q&A video showing off some of the work the devs have been up to, and clarifying that, yup, it's still on track for a release this year.
