Bethesda heavily leans on their community to fix their insane amount of issues. When the community comes with a big project, like Fallout London for example, they screw them over by quickly updating the game, breaking the mod, or by releasing their own shitty remake like in this case. They encourage people to work for free for them but they love to screw them over when they do something Bethesda could earn money with or show the shortcomings of that shitty company.

You're not wrong, they are absolutely within their rights, and Skyblivion shouldn't preclude others from Oblivion projects (especially not the IP holders). But it still rubs me and others the wrong way. Bethesda doesn't need to do this; they aren't hurting for cash. It feels petty to jump on the Oblivion remaster train right as this public (free) project, that has been worked on for like a decade, is nearing the end of its production. It's just slimy behaviour from Bethesda IMO, but I will definitely give them kudos for not issuing a cease and desist.