Feasibility of a UO Total Conversion

[Nightingale]

I've been in discussion with certain people about a potential "Total Conversion" project for UO.

This would mean creating a whole new world, whole new character models, clothing, weapons, music, sound-effects, interface [skins], textures, etc. as well as, naturally, some custom features.

Now, to put it simply, I was wondering how feasible this is.

We have a given task we'd like to accomplish, and while a from-the-ground-up MMO isn't out of the question, a UO conversion was brought up as a popular and simple solution that could lend itself well to the creation of a quality gameplay experience.

I'd be very thankful for any input.

Thank you!