Bloodmoon just adds another island, kind of like Tribunal, which isn't enough content for a game I played for months. Morrowind 2 is what I want, with an entire continent to roam around in.
I agree, I want a whole new game with a whole new engine. But Bloodmoon should be pretty good. I've done a lot of reading on it, previews, interviews, etc, and it sounds like it's more than twice as big as Tribunal, plus returns to the free form wandering of the orriginal Morrowind instead of the fairly linear Tribunal. I'll be picking this one up asap.
Supporter of the "Unleash the Fredster!!" Fan Club