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Just as I'm happy to see a burger, before I chow down on it.
"based on the magnificent world of J.R.R. Tolkien's world called: The Lord Of The Rings."
change that to
"based on the magnificent world of J.R.R. Tolkien's The Lord Of The Rings."
remove 'world called:' it doesn't make sense :)
Precisely this mod is very much alive
Being on of the Co-leaders/Co-overseers of this mod I can say that this mod is far from being dead, this moddb page is however.
Go to the The Elder Scrolls Forum, Oblivion, MOD section;
and search for MERP. Here you'll find all the latest progress.