So funny to see this here, I was just looking into Ultima remakes last night, and saw this one among others. Looks really awesome. I never played any of the Ultima games back in the day, and have bounced off them when trying in later years. This should make Ultima VII a lot more accessible and playable.
There's also a remake of Ultima Underworld being made in Godot: https://github.com/hankmorgan/UnderworldGodot
Hoping for these projects to succeed, both U7 and UU sound like incredible games that deserve to be accessible to modern gamers.