I was informed of the existence of this site, ostensibly by its operator. The first and only article on it proclaims what I think is the birth of a new Ultima 1 remake:

hello to all ,i created this blog for those who the series of the game like the celebre series of richard garriott .

i work at the moment on the project of ultima 1 THE WORLD OF SOSARIA

in tthis games in the simple graphics tou will have to travel the world of sosaria on the meeting of different monsters and numerous donjons to be investigate so tha some continent .

his prupose is to overcome devilish magician mondain become invulnerable grace in his stone of the sun .

to do it you will have to interrogate the inhabitants of this world ,dicover magic stones and go back up the time by means of the machine .

There isn’t any other information about the project apart from its name; no screenshots or other media have been posted. So for now, I won’t bother setting up a project entry. I will, however, be keeping an eye on this site’s RSS feed for the time being.