It’s not an Ultima remake, but this is still damn cool:

…a total remake of Black Isle’s original Icewind Dale in the NWN2 engine. In addition to sporting the entire campaign and all of Jeremy Soule’s original music, the mod allows for a full six-character party, just as it should. You’ll need the Mask of the Betrayer and Storm of Zehir expansions to install it, but that amounts to a very small entry fee these days

The module boasts a party editor, basic crafting, support for all the races and classes from Icewind Dale, and even support for NWN2’s online play (although this hasn’t been extensively tested).

I rather enjoyed Icewind Dale back when it first came out; I might have to give this module a look once I’ve polished off a couple other games in my queue.