I don´t see any sense in waiting longer, unless you´ve already gone through the trouble to make the 0.39 video and it´d be a mess to restructurize it to include the template + Example Suite. We aren´t in a hurry, so no big deal if you´d rather move it to 0.40.
Oh, and we don´t need modders so much as we need modelers. There are more modders in the Morrowind community than modelers, but we don´t have the resources (models) yet to give work for everyone. Also, I would guide any applicants into the "join the team" subforum.
Do you have the Template installed yet? You can show off the placeholder "Moonboy", who got his name from this screenshot:
http://i.imgur.com/yqK22Vu.png
You can try him out ingame. He has walking animations and can bring his hand up for combat. You can also walk along the beach or jump around on the sandy hills of the island. You could probably also load up a huge amount of cells and look at the island from high above. Because there are no statics, fps might not even be too crushing. Given that the Template has been around for quite some time, giving it some exposure is long overdue.