This is wonderful news, I will donate at least 10 dollars as soon as it is possible. Regarding animations: There is a cheap and very efficient way to make new animations by using a Kinect(or preferably 4 PS eye cameras) and a mocap software called iPi Soft. You can find the link for it here
http://www.ipisoft.com/ .Also, if you manage to gather enough funds, will you also hire a 3D modeller?
One more thing: It's not possible to get in trouble with Bethesda if you do this, right? I think it would be wise to ask a lawyer before you do this.
I'm pretty sure a lot of people will want to donate for this project, especially since this is a very high profile mod.
Who knows, maybe after you finish this mod, you could start a Kickstarter for your first indie project!