This old post has been getting more hits since Skyrim was released, but I'm not planning to update the document. TES fans might want to look at this conversion that appears to be complete and well-made, though: The Elder Scrolls: A Savage Worlds Conversion by the Journeyman GM.
I've seen a few hits in my logs from people looking to roleplay in Tamriel using Savage Worlds rules. The Elder Scrolls conversion I'm working on isn't finished, but it's finished-enough that I can use it to run games and I have other projects taking precedence. I figure even unfinished rules would be more useful than nothing to those people coming from Google, though.
So: Savage Elder Scrolls.
Note that my experience is mostly with Oblivion, so there's not much in there that reflects Morrowind or earlier games in the series. However, since I'm not interested in just playing Oblivion with the CPU replaced with a human GM, I tried to avoid re-creating Oblivion's game mechanics. That was my biggest objection to Advanced Dungeons & Savages, and I didn't want to make that mistake myself.
Note that there's a lot that's just skeleton, especially around the Edges and Hindrances, the Bestiary, factions, and non-combat Gear. Alchemy is only half done, but an enterprising GM can fill in the blanks. Restoration spells are barely touched as well, but Savage Worlds provides Healing and Greater Healing for now. Also note that the contact form referred to at the end doesn't yet exist here because I haven't had the time to test out the various contact form plugins.
Feedback and suggestions are more than welcome. This is only around the level of an alpha, so major rewrites might happen.