The lead developer of ambitious Oblivion fan remake Skyblivion talks exclusively with IGN about the prospect of going up against an official Bethesda Oblivion remaster.
Bethesdas remaster would probably be nothing more than a version with updated graphics and lighting and support for modern software. This guy is rebuilding the game from scratch in a modern engine.
Fun fact there were olny six years between Oblivion and Skyrims release. Thats right skyrim has been out longer than the release time between oblivion and skyrim.
Which is in itself a slightly updated version of Oblivions gamebryo, which was conceived in the 90s. Calling it a modern engine is extremely generous if not completely wrong.
These people are rebuilding the game from "scratch" in Skyrim's Creation Engine version, but it's still nothing more than a version with updated graphics and lightning. Bethesda's probably going to be using FO4 or Starfield's CE version, which will have the same result albeit shinier.