If you're a real Elder Scrolls fan, you love the crap out of Morrowind. You've also likely observed the modding scene for it over the years, which has transformed the game from a fugly prehistoric horribly animated monstrosity to something actually digestable by today's standards.
To make the whole process easier, fan Tyler Smith aka warwon -- who's been into the scene since launch -- has delicately compiled a list of mods together and tweaked as appropriate to give the best possible experience true to the vanilla game. Unfortunately, the whole process is still a pain, but should take roughly an hour versus the previous 5-10.
If you don't have a copy of Morrowind on hand, we recommend grabbing it on Impulse.
(Note the first half is darker than it should be due to a FRAPS conflict; the second half is peachy.)
Smith hasn't received permission for the mods, which is sure to provoke some ire within the community, but assures he has the best intentions, and is brave enough to make his e-mail public.
The compilation is currently pending a host, but we'll be sure to let you know when it's up. In the meantime, head to the source if you like to get an overview of the installation process and here for the list of included mods.
Update: the download link is now available at the source. Feel free to leave your impressions.
Update: some users (here and elsewhere) are reporting the compilation is subpar. If you prefer to err on the side of caution and/or create a more customized experience tailored to your specific tastes, start with this guide or this list. Just be warned it could take you a long time.