But was just wandering because i think it would be good as co-op with a friend.
As for morrowind online... Well I think that would complete spoil the game.
The fact there are no REAL players added to the charm, I couldnt see myself enjoying it as much with a bunch of people running around saying stuff like "NEWBIE" and "ASL?" while I smoke my skooma.
It's a guaranteed way to make lots of enemies and be flamed to death.
The answer to your question is a very definite 'NO' :)